Ukrainian agricultural producers are more active in offering rapeseed for export
The global rapeseed complex received support against the backdrop of weather risks for winter rapeseed in Europe, as well as the reorientation of Canadian canola products to alternative markets.
This was reported by analysts at Spike Brokers.
This activated the purchasing activity of European, primarily German, plants. The market reacted quickly: prices with delivery to German plants increased to +25 €/t to the May MATIF, depending on the month of delivery. In terms of conversion, this is about €510 delivered for a 40% oil basis with an additional premium for higher oil content.
The remains of Ukrainian rapeseed stored by producers began to be offered for export more actively. In January, exports of rapeseed and its processed products remained high, confirming the gradual reduction of domestic stocks in the middle of the season.
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