Prices for rapeseed in Paris remain high, but they are under pressure from falling prices for canola in Canada

In the absence of escalation between Iran and Israel, oil prices during the week fell by 8.2%, which increased pressure on the quotations of biofuels and vegetable oils, although the price of rapeseed in Paris remained high. on Friday on the Paris MATIF November futures for rapeseed rose by 1% to 501 €/t or 544 $/t (+0.4% for the week, +7.6% for the month), and February – by 1.2% to 505,75 €/t (+0.2% for the week, +8% for the month). November canola futures on the Winnipeg Stock Exchange during the week traded at 616 CAD/t or 446 $/t (+4.8% for the month). Dry and warm weather in Canada allowed to complete the harvesting of canola without losses, so the crop estimates can be increased. Due to the depreciation of the euro and the Canadian dollar against the US dollar, canola prices are already $100/t lower than European rapeseed, which contributes to the increase in canola supplies from Canada to the EU. Currently, Canada accounts for 23% of global production and 47% of global ...