Oilseeds - Oils

Rapeseed: prices in France decline significantly

March 6, 2020 2:54 PM, Der AUDITOR
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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


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