European rapeseed prices rise amid limited Black Sea supply

Rapeseed prices in Europe continue to strengthen amid limited supply from the Black Sea region and steady demand for vegetable oils. At the beginning of the week, November rapeseed futures on Euronext in Paris rose to €555.5/t, approaching the recent high of €556.75/t.

One of the key supportive factors remains limited rapeseed supply from Ukraine and Russia, reducing the availability of raw material on the European market. Ukrainian rapeseed continues to reach Germany, where crushers maintain demand. At the same time, some plants have already secured the volumes they need and have temporarily stopped publishing purchase prices for nearby delivery periods.

Additional support comes from high crude oil prices, demand for vegetable oils and strength in the soybean complex. German farmers are also actively selling rapeseed amid attractive price levels.

The market is also beginning to factor in prospects for the 2027 crop. Dry conditions in parts of Europe are complicating winter rapeseed planting. Similar problems are being reported in Ukraine, where some farms may reduce the area planted with the crop.

The combination of limited Black Sea supply, active demand from crushers and weather risks for the new crop continues to support the European market. As a result, rapeseed futures remain above €550/t following a brief correction.

Tags: EU, prices, Black Sea region, rapeseed