Free of charge

Rapeseed: the market is seemingly slowing down

August 3, 2017 at 8:52 AM , Starry Night Ltd.
Play report as audio

The weather belated and interrupted harvest this year, but this should not have intervened with market participants’ trade activity so much.

Rapeseed: lower output, lower yield, lower than expected trade activity

SOFIA. Rapeseed has become the export-oriented crop since the great majority of it is exported to foreign countries; domestic consumption on a yearly basis is small. However, it seems that after farmers executed their contractual obligations early in the marketing season, trade activity is slowing down.

Market players hold the crop, expecting a higher price in the short-term. Farmers from the Northeast forecast rapeseed, having high oil content, to reach as much as 0.383 EUR/kg EXW Bulgaria by the middle of August 2017. However, developments in the Black sea region could cool off their short-term strategies. Soon, the most recent export figures will stand as a proof.

Harvest 2017-18

(01.07.2017 - 28.07.2017)

Carry over

25,000 mt

Domestic output

432,847 mt

Domestic consumption

6,400 mt

Exports to the world

73,000 mt

Source: Bulgarian Ministry of Agriculture

Anyhow, this year’s output is expected to be lower, by as much as 10-12% from the previous one, which should additionally support the price. According to the Ministry of Agriculture, by the 27th of July 2017, farmers combined 94% of total available acreages for harvest, reaching an estimated output at 432,847 mt. The estimated yield so far is calculated to be 2.85 mt/ha while that of last year stood at 2.97 mt/ha. Last year’s aggregate output was 509,251 mt.

 Rapeseed, Bulgaria

Crop

EUR/kg

rapeseed

0.358

EXW Bulgaria

View related articles

Go to the News Overview
Oilseeds
Sep 17, 2025
OLOMOUC. Due to delays, the poppy seed harvest in the Czech Republic is still not complete. Quality and yield are satisfactory. Prices remain stable for the time being.
Oilseeds
Sep 17, 2025
KYIV/SOFIA. The current crop estimate from the US Department of Agriculture contains massive corrections for many important growing regions. Prices are slowly falling on the European market. Sunflower seed imports into the EU have fallen by almost half since the start of the season.
Nuts
Sep 15, 2025
NEW DELHI. Although prices on the Indian peanut market have risen slightly compared to last week, the near future looks less rosy. The world market is turbulent.
Grains
Sep 12, 2025
BRUSSELS. EU wheat stands no chance internationally. Farmers have started sowing corn in Argentina. China resists buying US soybeans. Chaos over export duties have effectively stopped Ukraine’s rapeseed shipments.