Rapeseed: market turns back again

January 21, 2020 at 3:14 PM , Der AUDITOR
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HAMBURG. The canola and rapeseed markets went into reverse again due to declining soy courses. Slightly higher Malaysian palm prices, however, provided some support for the market, even if the import ban on Malaysian palm oil imposed by India should continue to weigh on the market. In the EU, rapeseed imports have tended to decline recently.

In Winnipeg and Paris, prices for canola and rapeseed declined again. At noon, the front date was at CAD 479.20 per metric tonne, which is a good CAD 3.10 lower than yesterday. In Paris, however, the front date increased by EUR 3.25 to EUR 410.75 per metric tonne. In Canada, high stocks of canola continued to depress the market, and there was no support from the soy complex either. According to the Canadian Grain Commission (CGC), the export volume of canola declined by 9% to 4 million metric tonnes. The Malaysian palm oil market returned with firmer prices. The palm oil pric

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