As of October 30, Ukraine exported 424,000 tons of rapeseed, but lags behind the contracted volumes due to logistical difficulties. As of November, 60,000 tons of Ukrainian rapeseed oil was sold to China, which contributed to the intensification of domestic demand from processors.

This was discussed on October 31 during the weekly briefing organized by the analytical center of the agricultural cooperative PUSK, created within the UAC.

"Ukraine does not have time to deliver the contracted volumes of rapeseed because of logistics: some farmers did not receive wagons on time. Due to corn deliveries to Romania, there were queues and delays of wagons. In addition, the work of Odesa ports has intensified, and there is wagons shortage. Liquidity on the market is low, with seaport CPT prices ranging from 14,000 to 14,500 UAH/t. It should be noted that rapeseed is mostly exported by road and rail to the Czech Republic and the Baltic States, not by sea," was mentioned by the PUSK cooperative.

Ukraine has concentrated rapeseed stocks at 500,000 tons. At the same time, sellers are not in a hurry to sell the oilseed, and may postpone sales until December waiting for higher prices.

However, the demand for rapeseed on the domestic market from the processors is growing.

"Currently, the demand for rapeseed from the processors is relevant, as about 60,000 tons of rapeseed oil were sold to China in November.  The purchase prices are in the range of 12,900-13,200 UAH/t. We expect a slight upward trend - plus 200-300 UAH/t in the next two weeks. As already mentioned, the demand from processors and exporters is growing," PUSK summarized.