27.
09.23
08:59

Fewer EU imports of rapeseed and sunflowers

The rapeseed prices did not show a uniform picture yesterday, but mostly stood still in terms of prices. The front month of November rose unchanged at 440.75 euros/t. The February date increased slightly and was quoted at 457.25 euros/t at the closing bell. The advancing harvest and pressure on vegetable oil prices are also putting a strain on the rapeseed trade. On the other hand, the tense situation following the recent attacks on Ukrainian ports on the Black Sea and along the Danube is supporting the market. Europe's imports have reached 925,643 tonnes by the 13th calendar week of the current marketing year and are still well below the import volumes of the same period last year, when 1.40 million tonnes were already imported. Sunflower imports are also significantly below the volumes of the previous year. Currently 55,000 tons have been imported; last year it was 709,500 tons in the first thirteen weeks. Canola in Winnipeg rose slightly yesterday. The correction here was primarily due to rising soybean prices. Overall, harvest conditions on the Canadian prairies remain favorable.

Source
VR AGRICULTURE
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