Rapeseed firmer on a weekly basis

On Friday, rapeseed went south on the Paris stock exchange. The front month February 24 fell by 3.40 euros to 435.00 euros/t. Nevertheless, rapeseed is trading higher compared to Friday of the previous week. At that time, the front month was quoted at 429.50 euros per ton. On the spot markets, wholesale prices for rapeseed remain largely stable and unchanged. On the local rapeseed meal market, the price quotations for prompt deliveries continue to be stable. According to the federal average, a ton of rapeseed meal currently costs 308 euros/t, which is around 18 euros/t more than a week ago. However, demand has recently fallen due to rising prices. In Canada, Canola also showed red signs on Friday. Here, the negative conditions in the soy market in particular had a negative impact on price development. In addition, weaker export figures compared to the previous year depressed the mood among market participants. There is a correction in vegetable oils overall. Palm oil fell more sharply in the last few trading days, even though the fundamental data recently pointed to an increasing price level.

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