European Commission accounted for supply reduction in the canola market by 2015/16
For the upcoming year 2015/16 is the EU Commission by a significantly deteriorated rapeseed harvest of 21.1 million tonnes (previous year 24.1 million tonnes) from.
While a slightly higher acreage and a low 0.4 dt / ha yield can be based. The EU Commission also under - how many other treasure institutions - that a repeat of above-average weather conditions for the crop is not likely in 2015.
On the import side is a volume of imports of approximately 3.2 m t (last year 2.9 million t) estimated.
A lot of 24.3 million tons are on the supply side of the balance sheet of initial data, crop and imports (previous year 27 million tonnes) to beech, significantly less than in the previous year.
On the uses side is the opening balance estimated for the processing of 24.7 million tonnes rd.-1 million tons less than it delivers in the expiring year the earnings at an closing stock of 1.4 million tons and less than.
A reduction in stock normally signaled a less favourable supply position.
The classification of the supply situation of the year provides the basis for the assessment of expected pricelevels. Should verify the crop estimate of the European Commission, would be assumed by a rising price level in the years 2015/16.
But the ample supply of other world market for oilseeds with emphasis on plays with a crucial role soybeans and palm oil. A massive price pressure coming from this competition page, which will hold the rare courses in chess.
Since the EU in the canola market on the import side , a persistently weak euro will contribute to higher import prices. This could in turn contribute to a stable price development.
Quotes on the stock exchanges signal stable ratesfor the time being for the rear dates for the year 2015 relative. The RST adjustments remain to keep in mind depending on market developments.
