07.
07.23
09:04

Rapeseed ends the trading day with losses

Rapeseed fell on the Paris stock exchange yesterday by 4.75 euros/t in the most traded November date to 451.50 euros/t. The umbrella organization of European agricultural trade, Copa/Cogeca, expects a European harvest of 19.8 million tons, which is 100,000 tons below the last estimate by the EU Commission. The Union for the Promotion of Oil Plants (Ufop) assumes that there will be a shortage of rapeseed in Europe for the current marketing year. The own harvest is not sufficient for the demand, at the same time there are great doubts about the delivery ability of the Ukraine and also the hitherto largest supplier Australia will not be able to deliver as much as in the last financial year due to a significantly smaller harvest expectation. Warm temperatures in the Canadian prairies initially made Canola significantly more expensive yesterday, but profit-taking then set in later in trading, so that the most traded November date was up 1 Canola dollar.

Source
VR AGRICULTURAL
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