A large increase in the price of rapeseed on world markets

Published 2024년 11월 7일

Tridge summary

Rapeseed prices on the Paris stock exchange have surged to their highest since March 2023, influenced by a stronger dollar post-Donald Trump's election, enhancing the competitiveness of euro-priced exports. This rise is supported by increasing global vegetable oil prices, with Malaysian palm oil up 25% and American soybeans up 20%. The February rapeseed contract rose by 2.2% to EUR 523.00/t, a 17.5% increase from the previous year. American soybean prices slightly increased by 0.1%, and Canadian canola prices rose by 2.6%. Despite these short-term gains, long-term and medium-term downtrends continue for soybeans and canola.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed on MATIF the most expensive since March 2023 Donald Trump's victory in the presidential election resulted in a sharp strengthening of the dollar against, among others, the euro, which in turn influenced the increase in the competitiveness of exports of raw materials priced in euro. This allowed rapeseed prices to return to growth and reach the highest price since March 2023 on the Paris stock exchange. Rising vegetable oils support rapeseed prices Rapeseed prices in recent weeks have supported rising vegetable oils worldwide. After yesterday's price increases, palm oil on the Malaysian stock exchange is the most expensive since June 2022, and in less than two months it has increased in price by as much as 25%. In turn, American soybeans have increased in price by 20% during this time (the highest price since July this year). Rapeseed prices in the contract for delivery in February next year on the Paris stock exchange increased by 2.2% and amounted to EUR 523.00/t (PLN ...

Source: Farmer.pl