Ukraine: rapeseed price decreased on export market

Rapeseeds purchasing prices decreased on Ukrainian export market. To date in Ukrainian ports traders buy rapeseeds at prices 2500-2700 UAH/t (532-574 USD/t), down 150 UAH/t (32 USD/t) as compared to the beginning of the week. Export prices on FOB terms totals 580-600 USD/t.

According to traders, rapeseeds prices decreased due to rise of offers for the product. At the same time, market participants think that prices will continue to fall in this market segment.

OK, this report was translated from Russian hence the less than perfect diction. But the gist is Ukraine (which has a rapeseed harvest approaching 3mmt this year and is looking to export most of it) is sharpening the export pencil - Nogger.