Rapeseed market in Poland is moving according to MATIF
UkrAgroConsult
Article author:
From Nov. 18 to 22, MATIF rapeseed fell from maximum values. At the beginning of the week, the price was the highest in almost two years — EUR 543/mt, but by the end of the week – EUR 510.75. However, this price is higher than in the 2023 fall.
Following MATIF in Poland rapeseed prices were corrected significantly after constant growth. Rapeseed prices range from PLN 1900 to PLN 2400/mt (EUR 440-555/mt), depending on the quality and transport costs. Processors also reduced prices by PLN 20–50 (EUR 5-10/mt) w/w.
Top negative factors in rapeseed market
- forecasts of record soybean harvests in Brazil;
- favorable conditions for rapeseed harvesting in Australia;
- competition with canola, Canada supplies cheaper canola;
- fluctuations in world markets, in particular due to economic sanctions and tariff wars;
- global decline in vegetable oil prices. Palm oil, continues to decline on the Malaysian stock exchange due to a slowdown in exports.
Full version of the article is available to subscribers of the Weekly ‘BLACK SEA & DANUBE OILSEED REPORT’ by UkrAgroConsult.
Request a free a sample report and apply for subscription here.
Be confident with your business and trade strategy based on professional analysis and forecasts of the Black Sea agri market.
Read also
Northwestern Europe’s potato crop may fall 25% from last year
Sulfur shortage threatens to push US phosphate fertilizer prices higher
Russian farmers sharply cut winter wheat sowing amid losses and export problems
EU extends ethanol import monitoring for three years
Latvia allows transit fees on Russian grain to rise to 300%
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon