Source: Oleoscope (Russia)
Rapeseed prices have reached the highest level in many years last week due to high demand for rapeseed and higher prices at ports, APK-Inform reports.
Processors’ demand prices start at 19 thousand UAH/ton, but market participants note that local purchase prices reach 20.8 – 22 thousand UAH/ton EXW and 22.5 – 23 thousand UAH/ton CPT. In the export direction, the maximum demand prices for Ukrainian rapeseed were 490-510 USD/ton and 23500-23800 UAH/ton for delivery to the port.
Traders have already contracted more than 1 million tons of rapeseed of the new crop and continue to actively buy for export to the EU. Demand prices for rapeseed deliveries to the EU DAP Czech Republic and Germany in July-August remain at 465-470 EUR/ton.