The harvest of rapeseed in Ukraine, the EU and Australia will decrease due to drought

Ukraine has established the dry weather, most affected Central regions, especially the Poltava and Cherkasy region, where the rainfall this summer in 2-2,5 times less than in the South, for example, in the Kherson region. Minor and uneven rains, will be held at the end of the month, will not improve the situation.

the Greatest harm are the crops that are now planted 892 thousand hectares or 83% of the target. Due to a water deficit, the pace of sowing is lower than last year. Some manufacturers do not want to risk, so do not sow canola. According to estimates of head of the Department of agrometeorology of the hydrometeorological center Tatyana Adamenko, agrarians do not sow more than 1 million hectares of winter rape. Optimum time of sowing of winter rape over 10-15 September, because it has a long autumn growing season.

this season, Ukraine harvested 3.1 million tons of rape, despite the expectation of experts 3.5-3.9 million tons, as dry weather greatly reduced yields.

the Purchase price of domestic rapeseed remain 3-4% below last year and are in the port 400-402 $/t or 12000-12050 UAH/t. Possible increase in imports of rapeseed in the EU has not yet affected the purchase prices, as the EU has increased the purchase of cheap canola from Canada after the reduction of its supplies from Australia.

In the EU was again warm and dry weather which hampered sowing of winter rape. However, definitive conclusions to do early, because Europe has a longer optimal time of sowing.

In the current decrease of rapeseed production in the EU to 18.5 million tonnes prices rose to a maximum in 2017 - 381,5 €/t or 420,18 $/t

Experts Oil World has lowered the forecast canola production in Australia in 2019, by 0.2 million tonnes to 2.55 million tonnes , which will still exceed last year's figure of 2.18 million tonnes, which was the lowest for the last 9 years. Thus in the Australian Bureau of agricultural and resource Economics and Sciences (ABARES), the figure is estimated at 2.3 million tons.

According to Oil World forecasts, Australia will increase the export of canola 1.5 million tonnes in 2018/19 MG to 1.6-1.7 million tonnes in 2019/20 Mr, although he will concede exported to 2017/18 mg of 2,4 million tonnes, in 2016/17 MG - 3.46 million tonnes in 2015/16 – 2.01 million tons.