- Export prices rise: Ukrainian rapeseed export values gained USD 3-5/MT amid stronger global rapeseed and canola markets.
- Firm port bids: CPT port bid prices ranged between USD 544-553/MT, offering competitive Black Sea benchmarks.
- Biofuel demand support: Higher biofuel sector demand and oil market uncertainty linked to US-Iran talks underpinned global price strength.
- Domestic slowdown: Local processor purchasing activity declined despite relatively stable domestic rapeseed prices.
- Bullish but volatile: Market sentiment is bullish, though weaker domestic crush demand and geopolitical risks may cap further upside and increase volatility.
Ukrainian Rapeseed Market Update
Ukrainian rapeseed export prices strengthened last week, rising by USD 3-5 per ton in line with firming global rapeseed and canola markets. Export bid prices at Ukrainian ports were reported in the range of USD 544-553 per ton CPT port, underscoring improved competitiveness for Black Sea origin supplies.
The global complex drew support from increased demand from the biofuels sector and heightened uncertainty in the crude oil market linked to ongoing US-Iran negotiations. These external factors underpinned price appreciation and helped lift Ukrainian export indications despite relatively calm domestic price dynamics.
On the internal market, rapeseed prices were broadly stable with no major adjustments. However, participants noted a visible reduction in the number of processors actively procuring seed, suggesting weaker domestic crush demand even as export demand remained constructive.
Price Overview
| Market | Price Range (USD/MT) | Term / Basis | Weekly Change |
|---|---|---|---|
| Ukrainian Rapeseed Export | 544 – 553 | CPT Port | +3 to +5 |
Market Sentiment and Outlook
Market sentiment for Ukrainian rapeseed is currently bullish, with global demand drivers exerting upward pressure on prices. The USD 544-553/MT CPT port range serves as a key benchmark for traders evaluating Black Sea offers. Nevertheless, the decline in domestic processor activity introduces a potential headwind: if crush demand continues to soften and export channels face any logistical or policy constraints, the upside for prices could be limited.
The strong linkage between biofuel-driven demand and geopolitical uncertainty in the oil market implies that price volatility is likely to persist in the near term. Traders and processors should closely monitor developments in energy markets and policy signals around biofuels, as these will remain central to rapeseed price formation.
Source: Market Data
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