Global rapeseed market: Prices in Ukraine fell by UAH 1,500 per ton following the collapse of stock market quotations

Published 2024년 11월 27일

Tridge summary

Rapeseed purchase prices for delivery to Ukrainian Black Sea ports are decreasing due to a drop in stock market quotations and reduced demand from traders, caused by a decrease in rapeseed stocks in Ukraine. This is due to a 7% drop in quotations on the Paris stock exchange, which has caused prices in ports to fall by UAH 1,000-1,500/t to UAH 24,800-25,000/t or $520-530/t. The decrease in prices is also due to a collapse in Canadian canola prices triggered by Trump's plans to impose a 30% tariff on Canadian goods. Analysts predict that rapeseed prices will continue to fall in the second half of the season due to potential adverse weather conditions in India or South America, and India may reduce the acreage of canola and mustard due to high temperatures during the planting season, leading to cuts in production and an increase in imports of expensive cooking oils.

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

Original content

Purchase prices for rapeseed for delivery to Ukrainian Black Sea ports continue to decrease following the drop in stock market quotations and reduced demand from traders due to the decrease in rapeseed stocks in Ukraine. This is reported by GrainTrade. Analysts note that during the week, rapeseed prices in ports fell by UAH 1,000-1,500/t to UAH 24,800-25,000/t or $520-530/t under the pressure of a 7% drop in quotations on the Paris stock exchange. February rapeseed futures on the Paris MATIF on November 26 fell 1.5% to €505.75/t or $531/t (-7.1% for the week, -0.6% for the month), almost losing the speculative gains in the past month due to a collapse in Canadian canola prices triggered by Trump's announcement of plans to impose a 30% tariff on Canadian goods. January canola futures on the Winnipeg exchange fell 8.6% for the week to CAD 580/t or $412/t (-10.3% for the month), significantly increasing the prospects for increased supplies of cheap canola to the EU. According to ...

Source: Agrobusiness