Sustained growth in the global rapeseed market is generating positive signals and new opportunities for Ukrainian producers, according to the analytical department of the First Ukrainian Agricultural Cooperative (FUAC), established within the Ukrainian Agri Council (UAC).

“Last week, Euronext quotations consolidated above the psychological threshold of EUR 500 per ton, which is considered an important technical signal for further upward movement. An additional supporting factor is the situation on the oil market. Rising oil prices, driven by geopolitical tensions in the Middle East and constraints in the Strait of Hormuz area, are pushing up prices across the entire oilseed complex, including rapeseed. In the coming months — from May to July — prices may reach EUR 540–550 per ton,” the analysts noted.

The current market environment is not conducive to active forward contracting. Historically, the spot market has often offered more attractive price levels than forward contracts, particularly during upward trends.

“Last week, demand for forward deliveries of Ukrainian rapeseed was observed at USD 570–575 per ton, occasionally reaching USD 580 per ton. However, given the potential for further growth, producers are advised to refrain from active sales for at least the next one to two weeks. On the domestic market, spot prices for rapeseed may reach USD 620–640 per ton in the July–September period,” FUAC stated.