31 Oct 2023 16:16

Ukraine late with supplies of contracted rapeseed owing to logistics difficulties - analysts

MOSCOW. Oct 31 (Interfax) - Ukraine had exported 424,000 tonnes of rapeseed as of October 30, but is lagging in the supply of contracted volumes owing to logistics problems, Ukrainian media reported, citing a report from the analytical center of the Start cooperative, created within the All-Ukraine Agrarian Council (VAR).

"Ukraine does not have time to supply the contracted volumes of rapeseed owing to logistics. Some farmers did not receive wagons on time. Owing to the supply of corn to Romania, queues and delays in wagons arose [...] It should be noted that rapeseed is mainly exported by roadway and railway to the Czech Republic and the Baltic countries, and not by sea," according to the statement.

Analysts also noted that liquidity in the market is low.

Meantime, domestic demand from processors intensified after information appeared that 60,000 tonnes of Ukrainian rapeseed oil were sold to China in November. Meanwhile, about 500,000 tonnes of rapeseed have been accumulated in Ukraine, but "sellers are in no hurry to sell it and, in anticipation of higher prices, are postponing sales until December," the VAR said.