Rapeseed: the market is crumbling noticeably

January 13, 2020 at 2:52 PM , Der AUDITOR
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HAMBURG. The rapeseed and canola market is crumbling after pressure came from the US soy market because of weak exports and stronger Chinese purchases in Brazil. Palm oil prices could also soon reach their zenith if China uses more soy processing to obtain fewer vegetable oils on the world market.

While the canola market was still able to hold its ground, the rapeseed market slipped slightly. In Winnipeg, canola was quoted at CAD 475.50 per metric tonne, which is CAD 0.80 per metric tonne higher than on Friday. In Paris, prices for rapeseed declined by EUR 1.50 to EUR 420.00 per metric tonne. In Canada, the market remained firm due to the high canola crush of more than 4.8 million metric tonnes this season, about 1 million metric tonnes more than last year. The reason for this is the high crush margins of the oil mills of CAD 110 to 120 per metric tonne,

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