Source: Oleoscope (Russia)
In the first three months of the 2024/2025 season (July-September), 62,082 tons of rapeseed were exported from Moldova, which is 3.4 times less than in the same period last year, reports the Moldovan industry portal Agroexpert.md.
The reason for this decline is the low harvest and predictions of higher prices, which are making farmers hesitant to decide to sell, according to Moldovan agricultural market expert Iurie Rija.
The rapeseed market is currently characterized by low activity: Farmers are hesitant to sell and buyers are also not very active due to the decline in international demand. In Bulgaria, the processing plant in Ruse has already stocked up on rapeseed in August and the next major purchases are expected.
As for the rapeseed export targets for the period from July to September 2024, the first two remain unchanged – Romania (42,546 tons), followed by Bulgaria (8,202 tons). At the same time, the countries to which large quantities were exported in previous seasons – Holland, Greece, Nepal, Turkey, Bangladesh, etc. – have disappeared from the list of destinations, as the analyst notes.