Balances and prices for oilseeds, vegetable oils and meal in the EU as of 22.02.23

Published 2023년 2월 28일

Tridge summary

Soybean prices in Argentina have increased due to decreased production, while prices in Brazil and the US have fallen by 3% month-on-month. The most competitive price for soybeans in Ukraine is USD 455 per ton. There has been a slight increase in global rapeseed prices, supported by higher palm oil prices and the strengthening of the dollar. Sunflower seed quotations in European Bordeaux have declined marginally, while Ukrainian prices have increased by 2% month-on-month. The total area under oilseeds in the EU for 2022/23 is unchanged from January, estimated at 12.2 million hectares. EU oilseed production in 2022/23 is projected to be 31.4 Mt, a 5.2% increase from the five-year average. Oilseed imports are up slightly to 21.6 million tons, with sunflower seed imports projected to reach 2 million tons driven by imports from Ukraine.

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

Original content

Soybean prices in Argentina edged up after falling production, while prices in Brazil and the US were down 3% month-on-month. In Ukraine, the most competitive price is USD 455 per ton. • Slight increase in world prices for rapeseed, supported by higher palm oil prices and the strengthening of the dollar against international currencies. Australia is the most expensive source - 725 US dollars per ton. Moselle prices in the EU rose 2% m/m to $595/t. • Sunflower seed quotations declined marginally in European Bordeaux at $620/t on lower buying interest and increased availability, while Ukrainian prices edged up slightly (+2% MoM) to $470/t, supported by contributed to a certain increase in prices for vegetable oil in early February. • The total area under oilseeds in the EU for 2022/23 is unchanged from January. The total area is estimated at 12.2 million hectares (11.6% more than the multi-year average), while the area under rapeseed was 5.9 million hectares (4.8% more than the ...

Source: Oilworld