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Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
17.05.2022 15:00 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Oilseeds: World Markets and Trade (May 2022), Ukraine rapeseed production is forecast to rise despite the ongoing hostilities. Near-record planted area will drive production of 3.2 million tons. Rapeseed area is concentrated in western Ukraine, away from the hostilities. Yield is forecast to fall below 2021, closer to trend. Historically, close to 90 percent of production is exported as seed, with 90 percent of exports to Europe. Consequently, Ukraine is less reliant on Black Sea port access and presents growers with an attractive option for planting. Crush is projected to rise modestly with increased exports of meal and oil, primarily to Europe. AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin. Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).
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