MATIF Rapeseed oil (Paris, FR)
RSO- lower harvest expectations in Europe
- lower global rapeseed harvest expectations
- reduced crop estimates for Brazil
- Ukraine's delivery capability
- ongoing harvest Brazil
- upcoming harvest Argentina
- Expected soybean production in the USA in 2024/25
Specification
10:45 - 18:30 CET
Further specifications
Any origin |
Crude degummed rapeseed oil of good merchantable quality, guaranteed unbleached, produced from non-GM double zero rapeseed varieties as per EU regulations of sound, loyal and merchantable quality, all duties and taxies paid, and meeting the following specifications: - f.f.a (as oleic acid, calculated on a molecular weight of 282) maximum 1.75% - Moisture, volatile matter and impurities maximum 0.4% - Erucic acid maximum 2% - Flashpoint minimum 250°F (121°C) - Lecithin (expressed in phosphorus): maximum 300 ppm |
The agricultural and stock market news for rapeseed, canola and the soy complex is updated daily. Price-influencing assessments by institutes such as the USDA are covered, as are strong market currents and political influences. The rapeseed quotations on Euronext (MATIF) are displayed in real time (sec.). Soybeans, soybean meal and soybean oil are traded on the CBOT and displayed by the ZMP neartime (approx. 10 min).
Rapeseed oil is obtained in oil mills by pressing or extracting the rapeseed. The following processes are used:
- Hot pressing/refining in oil mills and
- cold pressing in decentralized oil mills.
The oil content is about 40 to 50 %, the yield about one third of the seed. The remaining protein- and energy-rich rapeseed mass(rapeseed cake, rapeseed expeller or rapeseed extraction meal) is an important by-product and is mostly used as animal feed.
In the production of rapeseed oil, the black hulls of the rapeseed are removed before pressing so that only the yellow kernels are processed. This prevents the bitter substances from the seed hull from entering the oil.
With an annual production of around 25.2 million tons (2020), rapeseed oil is one of the three most produced vegetable oils worldwide after palm and soybean oil. In Germany, 3.8 million tons of rapeseed oil were produced in 2020.