28.
08.20
12:57

HANSA Terminhandel - Oilseed Mail

Rapeseed imports from the Baltic States and the Ukraine continue to dominate the rapeseed market in this country. Domestic rapeseed is as good as not processed. The reason for this is, on the one hand, the reluctance to buy on the part of the oil mills, whose needs are not very urgent or can be met with the said imports. On the other hand, the willingness of producers to sell is low. The prices rose by an average of one euro to 362 euros per ton compared to the previous week. However, this did not ensure greater willingness to sell. The producers are now waiting for imports from the Baltic States and Ukraine to slowly dry up. However, there is also a larger offer from Canada and Australia. The hope of price increases could therefore remain unfulfilled.
The rapeseed meal prices have strengthened more clearly in the last few days. They rose by 6 euros on the previous week and are at their highest level since the beginning of July 2020. The demand for oil meal in the compound feed industry - also for later dates - has increased noticeably. Contracts up to and including July 2021 will be discussed in individual cases. In addition, the limited offer on the earlier dates provides support.
Rapeseed oil prices have also risen to 782 euros / tonne FOB. The weekly plus is 12 euros. The weak EU rapeseed harvest and the smaller harvest in Ukraine are supporting price developments. According to estimates, the Ukraine will harvest 2.5-2.6 million tons of rapeseed, compared to 3.3 million tons last year.

Source
Hansa Terminhandel GmbH
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