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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.

Rapeseed is one of the promising crops for agriculture. It has a high resistance to diseases and pests, and also adapts well to various climatic conditions. In addition, rapeseed is a valuable source of oil and biofuel, which makes it in demand on the market.

Cultivation of rapeseed can bring good income to agricultural enterprises. Firstly, this is due to the high yield of the crop – up to 4 tons of grain per hectare. Secondly, rapeseed allows you to get not only grain, but also oil, which is used in food, cosmetics and many other industries. In addition, rapeseed can be used as a raw material for the production of biofuels, which are increasingly used in the world.

Another advantage of growing rapeseed is its ability to improve the soil. The plant releases organic matter into the soil, increasing its fertility and helping to increase the yield of other crops.