Rapeseed: Living in boring times?
April 12, 2018 at 3:15 PM ,
Starry Night Ltd.
BULGARIA. In the beginning of the month, the weather was fickle, alternating a few days of showers with a day of clear skies, and thus fieldwork has been generally belated throughout the country; indeed, that within the South regions. However, the recent weather has been favorable, and the forecast is for meteorological conditions to remain so, at least, until the end of the second ten-days period of April.
Rapeseed: may you (continue to) live in boring times?
Apparently, local production fell short of foreign demand since the greater majority of domestically produced rapeseed was shipped out within the following few months after harvest while regional exporters such as Romania and Ukraine continued to ship their produce to EU markets later in the season. A few early months of brisk trade activities after the completion of harvest, followed by several boring ones has become a customary experience for local market players. Later in the marketing year, a few shipped abroad metric tons per month wane already dwindled remaining stocks.
|
Harvest 2017-18 (01.07.2017 – 06.04.2018) units in MT |
|
|
Beginning availability |
25,000 |
|
Aggregate output |
458,110 |
|
Imports |
32,655 |
|
Domestic consumption |
53,600 |
|
oil & biodiesel production |
53,600 |
|
Exports to the world |
428,461 |
|
to EU markets |
389,965 |
|
to rest of the world |
38,496 |
Source: Bulgarian Ministry of Agriculture
For the upcoming harvest, provided weather conditions would not prevent it to be started on time as it did for harvest 2017-18, farmers have already moved things up a gear. It is generally believed sowed acreages with rapeseed will be higher; before actual harvest starts, data of planted acreages will expectedly fluctuate by some percentage points; yet, its highs would never reach 15% or 25%, let alone 40%, for instance. Farmers still seem doubtful of substantially investing in the growth of oil seed land, as if remaining stocks were excessively high. It has become convincingly clear that demand has outstripped supply, even though regional players, for instance Ukraine, increased their planted acreages, consequently collected much higher productions, and therefore exported higher volumes of the crop to foreign markets.
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