Commission slightly higher estimated canola crop - rape prices less than claimed. In the most recent estimates of the canola market the Commission the result increased approximately 0.5 million tonnes more than in the previous month to 19.9 million tonnes . Thus the two forecasts by COCERAL are and EU-com at the same height. In the 3 previous years, rapeseed crops were retracted between 21 and 24 million tons. The decline in harvest volume is partly on a smaller area and for the most part due to fallen Flächenerträge from 3.6 to 3.1 t / ha. The largest loss of the harvest had to accept the two largest regions of France and Germany. Declining EU rapeseed crops can not compensated fully by rising imports , so that the consumption is also coming back. The imports reach with 3 million t a certain upper limit. This year 2016/17 the ready parts from Ukraine are restricted, because the local crop is lower down. Hope focuses on Australia with genetically permitted varieties. The world's largest export region in Canada with over 8 million tons export volume remains due to the import regulations of the EU regarding the GMO approvals largely sidelined. Shortage of rape consists not only in the EU, but is a worldwide phenomenon. Nevertheless, the prices only in the competition of other oilseeds and vegetable oils can move. Market leader are soybean oil and palm oil with respective market shares of about 30%. The palm oil supply still suffering the aftermath of the EL Niño drought last year. The palm oil prices move at a medium level, while soybean oil prices are well below the pressure of the big crops of soy. The recent increases in crude oil prices over the border of $50 per barrel to cut production as a result of the OPEC decisions could in another sequel to an increase in the contribute the raw materials. However doubts are based on the experience with the non-compliance of OPEC decisions it loudly, that further continues this course development in a sustainable way. On the rape rates show a mostly solid tendency to the value of €375 / t of the Paris stock exchange . Also the prices of Canola in Winnipeg show more of the fixed page. On the Chicago Stock Exchange, the falling supply bean and oil, but growing soy meal prices a mixed picture. Will in the next few weeks the U.S. soy crop with alternating good and less favourable harvest conditions shape the course of events. Here you will need to keep the crude oil price development in the perspective.
