Euronext rapeseed prices have fallen under pressure from falling vegetable oil prices

UkrAgroConsult

Euronext rapeseed prices have fallen.

Between August 22 and 28, rapeseed prices fell by €11.25 to €465.5/t ($540.50/t).

European rapeseed prices are under pressure from falling vegetable oil prices and a sharp decline in Canadian rapeseed prices on the Winnipeg exchange. StatsCan forecasts Canadian rapeseed production at 19.9 M mt, which is slightly below market expectations but 700 K mt higher than last year’s production. Australia is also expected to raise its production forecast.

More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!

Start using analytical data and increase your efficiency now!

Register to get your demo access: http://agrisupp.com/en/register/1

Tags: EU, prices, Canada, rapeseed, edible oils