Global: Euronext rapeseed targets €520/t

Rapeseed prices maintained their upward movement this Wednesday at mid-session on Euronext, in the wake of palm oil which continued its upward rally this morning on the Kuala Lumpur Stock Exchange. The recovery of Malaysian exports during the month of October, as well as the increase in Indonesian consumption for the manufacture of biofuels continue to push the trend to its highest levels since July 2022! Tensions in the Middle East are also boosting crude oil prices, after the drop recorded last Monday. In France, the resumption of sunflower harvests has also confirmed the loss of potential and quality suffered during the month of October, while the prices of Eastern European seeds are climbing again after a particularly disappointing harvest. The soybean complex, on the other hand, remains on a gloomy ...