Oilseeds - Oils

Rapeseed: sharp crash on the physical market

February 28, 2020 3:42 PM, Der AUDITOR
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HAMBURG. While Canola was still able to maintain its price in Canada, the rapeseed market in Western Europe continued its strong downward trend. In Canada, the trade feared that the outbreak of COVID-19 in China would develop into a pandemic with serious consequences for the whole world. In Germany, rapeseed fell sharply on the physical market. Strong pressure also came from palm oil.

The markets for canola and rapeseed tended in part in opposite directions. Canola in Winnipeg was trading 3 cents higher than yesterday at CAD 452.40 per metric tonne in the afternoon, while rapeseed in Paris fell by 6.00 euros to EUR 381.50 per metric tonne on the front date. In the course of trading, Canola benefited from the slight fall of the Loonie, which had declined by 1.3% against the euro in the last four weeks and stood at USD 0.74895. In Canada, the trade feared that the outbreak of COVID-19 in China would turn into a pandemic with serious consequences for the


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