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Rape can become the most profitable crop in the current marketing year

Rape can become the most profitable crop in the current marketing year

Rape can become the most profitable crop in the current marketing year

As of July 2016, the price of rape was 10 thousand UAH per ton and this year in July, the price was 11.5 thousand UAH per ton. Over the next four months, the Ukrainian market experienced a trend towards stable growth, which allowed avoiding a seasonal decrease in prices in August, related to the entry of new crops to the markets.

For the period from July to October, the total price increase was 9%, and thus, the price per ton is now 12.5 thousand UAH.

According to analysts, despite the fact that the season has not finished yet, in the current marketing year rape can become the most profitable crop, since now this figure is almost 80%. It should be noted that in the previous marketing year the situation was absolutely the opposite: the yield indicator of rapeseed was 45%, while the sunflower yield indicator was at 62% and the soybean – 52%.

In addition, rapeseed exports for the period from July to October of the current marketing year amounted to 1.7 million tons, which is 119% more than the same figure in the previous marketing year. It should be noted that today it is a record indicator of exports volume for the specified period.