Tridge summary
Rapeseed prices on Euronext have experienced a significant drop of nearly €30/t, with the February 2025 contract falling by €7/t to €517.50/t and the May 2025 contract decreasing by €4/t to €506.25/t. This decline is attributed to increased competition from Canadian and Australian sources, a temporary halt in river traffic on the Moselle which eased quickly, and a sharp 10% loss in palm oil prices due to reduced demand in Asia. However, the sector has received a boost from Indonesia's decision to increase the biodiesel manufacture mandate from 35% to 40% from January, helping to mitigate the effects of these negative factors.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rapeseed prices plummeted again mid-session on Euronext, and thus accumulated a loss of nearly €30/t compared to last Friday on the February 2025 contract. The renewed tension caused by the temporary halt in river traffic on the Moselle has in fact quickly eased, while competition from Canadian and Australian origins on the Community market continues to become more competitive. All oil-rich seeds are also being dragged down by the fall in palm oil, which suffered a loss of nearly 10% this week on the Malaysian Stock Exchange in response to the slowdown in Asian demand. Indonesia has, however, provided some support to the sector by announcing an increase in ...
Source: TerreNet
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