# Reduction in sowing areas of winter rape in Ukraine and the EU contributes to higher prices

> Rapeseed on Euronext's MATIF rose to a multi-year high as soybean prices climbed. Ukraine's winter rapeseed area fell 30% to 875,000 hectares after drought, and EU and UK plantings also declined. Ukrainian port canola prices were around $425-435/t.

- Date: 2020-11-25 · published 2020-11-25T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/50258-reduction-in-sowing-areas-of-winter-rape-in-ukraine-and-the-eu-contributes-to
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Smaller Ukrainian and EU rapeseed crops reduce vegetable oilseed supply, supporting European meal and oil prices and increasing reliance on Canadian and other imports.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-09-19 | [Sunflower prices in Ukraine are rising against the backdrop of a low harvest, long rains and rising rapeseed prices](https://feedsoft.ai/events/39703-sunflower-prices-in-ukraine-are-rising-against-the-backdrop-of-a-low-harvest.md) | -5.4% | -5.7% |
| SBO | 2017-07-11 | [European biodiesel prices rise in line with higher rapeseed oil  : The Daily Digest](https://feedsoft.ai/events/70057-european-biodiesel-prices-rise-in-line-with-higher-rapeseed-oil-the-daily-digest.md) | -1.8% | -0.3% |
| SBO | 2024-09-06 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28427-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -2.7% | +1.0% |
| SBO | 2024-09-09 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28425-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -1.3% | +2.0% |
| SBO | 2023-07-12 | [In the new season sunseed production in Ukraine will be lower than expected](https://feedsoft.ai/events/35164-in-the-new-season-sunseed-production-in-ukraine-will-be-lower-than-expected.md) | -3.6% | -2.6% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/zmenshennya-plosh-sivbi-ozimogo-ripaku-v-ukraini-ta-es-spriyae-zrostannyu-tcin.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.