Rapeseed and canola prices remain under pressure from crop growth forecasts in Canada and Europe

Rapeseed and canola prices remain under pressure from forecasts of an increase in production in MY 2025/26 compared to the current season in the EU countries by 2.29 to 19.15 million tons and in Canada by 1.5 to 19.5 million tons. But given the weather conditions in these countries, futures for the new crop are trading 1.4-2.4% more expensive than last year, and price volatility remains high. August rapeseed futures on the Paris stock exchange fell 0.2% to €488.5/t or $553.4/t (+3.5% month-on-month, +1.4% year-on-year) over the week, although they fell 1.3% at the beginning of the week and then rose 1.1% against the backdrop of dry weather in Germany in May. According to OilWorld experts, the area sown with rapeseed in the EU for the 2025 harvest has increased by 0.4 to 6 million hectares, so production will increase by 2.5 to 19.4 million tons, but will still be inferior to the record harvest of 2023 (20.2 million tons). Romania will increase its rapeseed production the most – ...