- Bullish: Ukrainian rapeseed prices surged to USD 550/t CPT-port and UAH 24,000-24,700/t CPT-enterprise, supported by stronger global oil markets and positive US biofuel developments.
- Bullish: Export and border prices aligned at USD 545-550/t DAP-western border, indicating balanced demand across logistics routes and firm support for Ukrainian exporters.
- Risk: Weather-related threats to Ukraine’s winter rapeseed crops and escalating US-Iran tensions could amplify volatility and accelerate price moves.
Market Overview
Ukrainian rapeseed prices extended their rally across export and domestic segments. On the export side, bid prices strengthened to USD 550/t on CPT-port terms, while DAP-western border indications ranged between USD 545-550/t, depending on the specific entry point. Domestic processors followed the upward trend, lifting bids to UAH 24,000-24,700/t on a CPT-enterprise basis.
The move higher is largely driven by gains in the global oil complex amid rising geopolitical tensions between the US and Iran, which have increased risk premiums across energy markets. Additional upside momentum came from supportive news out of the US biofuels sector, enhancing oilseed demand prospects.
Despite persistent weather risks for Ukraine’s winter rapeseed crops, these concerns have not yet translated into pronounced price swings. Instead, the market is currently anchored by strong external fundamentals and steady buying interest along key export routes.
Price Snapshot
| Market Segment | Location / Terms | Price Range | Currency |
|---|---|---|---|
| Export | CPT-port (Ukraine) | 550/t | USD |
| Export | DAP-western border | 545-550/t | USD |
| Domestic | CPT-enterprise (processors) | 24,000-24,700/t | UAH |
Market Sentiment and Drivers
Market Sentiment: Bullish
The Ukrainian rapeseed market is firmly underpinned by external energy and biofuel dynamics. Rising crude oil prices, fueled by the risk of further US-Iran confrontation, have lifted the broader vegetable oil and oilseed complex. Positive developments in US biofuel policy and demand are adding a secondary layer of support, reinforcing rapeseed’s role as a key feedstock in the renewable fuel mix.
The close alignment between port quotations (USD 550/t CPT) and western border prices (USD 545-550/t DAP) indicates that demand is well-distributed across export corridors. This balance suggests that both seaport and overland routes are effectively absorbing available supply, limiting downside pressure in the near term.
Looking ahead, traders and processors should keep a close watch on geopolitical headlines and updated weather models for winter rapeseed. A deterioration in crop conditions or an escalation in Middle East tensions could inject additional volatility and potentially trigger a new leg higher in prices, while any easing in energy markets might temper the current bullish momentum.
Source: Market Data
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