Undeterred, the rapeseed price on the Paris stock exchange also fell yesterday. The most traded May date lost 4 euros and closed at 566.75 euros/t. Only a small amount of rapeseed is traded on the cash markets in Germany. Prices were under pressure here as a result of last week's downward movement. The weak vegetable oil market as a whole is also increasingly responsible for the downward trend in recent weeks. Soybean oil is also starting today with a red sign and palm oil prices in Malaysia have recently fallen significantly. The political announcement by the EU that it would drastically reduce palm oil imports by 2030 is causing trouble here. The government in Malaysia recently threatened to completely ban palm oil exports to Europe. Soybeans and soybean meal paused trading on the CBoT yesterday for a holiday. With the start of today's trading, the beans are showing a dark red sign, and soybean meal is also yielding significantly. The record harvest in Brazil is increasingly becoming the focus of market participants. As reported by the Reuters news agency, the upcoming harvest is likely to be almost 153 million tons, and far too much has never been harvested in the South American country before.The area yields are expected to be higher due to favorable weather conditions. Brazilian market analysts recently made similar statements. At the same time, farmers in Brazil have expanded the area under cultivation.
Source
VR AGRICULTURAL
