Oilseeds - Oils

Rapeseed: prices in France decline significantly

March 6, 2020 2:54 PM, Der AUDITOR
Play report as audio

HAMBURG. The market for canola and rapeseed was burdened by price losses on soybeans and palm oil, which put pressure on prices in Winnipeg and Paris. The euro exchange rate, which rose to over 1.13 USD/EUR, led to a considerable downward price correction in France and Germany. With regard to the crude oil market, traders reckon that OPEC will decide on a cutback in crude oil production.

The markets for canola and rapeseed gave way towards the weekend. Canola in Winnipeg dropped by CAD 1.00 to just under CAD 471 per metric tonne on the front date. Rapeseed on the other hand was EUR 5.50 lower in Paris at EUR 378.00 per metric tonne. Weaker prices for soybeans and palm oil again were the main reasons in Canada. The rise in the euro to over 1.13 USD/EUR, the main reason for the decline in rapeseed prices in Paris, made imported goods considerably cheaper. The focus was also on the crude oil market. Today, OPEC in Vienna wants to decide on the reduction of crude oil

Categories:

View related articles

Go to the News Overview
Oilseeds
Dec 9, 2021
CHRUDIM/ANKARA. Subdued demand for poppy seeds has failed to impact prices in the Czech Republic. Exports range around 10% lower than last year.
Oilseeds
Dec 8, 2021
SOFIA/KIEV. Harvest progress is still being reported from Russia and Ukraine. The Bulgarian market is quiet and hopes are on the new year. Transport issues are a problem, as in many places.
Oilseeds
Dec 7, 2021
BEIJING. In addition to the low demand from overseas, there are also no enquiries from the domestic market despite the upcoming Chinese New Year. At the same time, freight rates are slightly higher again.
Oilseeds
Dec 2, 2021
OTTAWA/NUR-SULTAN. The current flaxseed report from Agriculture and Agri-Food Canada does not bring any relief. In Eastern Europe, flaxseed prices have stabilised at their high level.