Olena Hesova – grain and oilseed markets analyst at "UkrAgroConsult "
Olena Hesova – grain and oilseed markets analyst at "UkrAgroConsult "
Adverse weather conditions appreciably reduced rapeseed production in Romania in 2018. The estimated rapeseed crop is 12% lower than in the previous season. Despite an acreage expansion driven by demand from EU countries, the average rapeseed yield turned out to be the lowest since the 2012/13 season, report UkrAgroConsult’s analysts.
The current pace of rapeseed exports is slower than in the previous two seasons. The volume of exports was 20% lower than in MY 2016/17. Because of reduced export availabilities, the range of destinations narrowed noticeably. Almost all the rapeseed was shipped to EU countries. For the first time since MY 2012/13, the EU rapeseed crop in 2018 was below 20 MMT.
According to UkrAgroConsult’s estimates, this season’s rapeseed exports may hit the lowest level since the 2015/16 season.
Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils” by UkrAgroConsult.
Analytical report "Black Sea Vegoils" contains detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region.
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