Rapeseed prices in the global market are down significantly

On the grain exchange in Groningen, the quotation for rapeseed fell by 5 euros this week to 460 euros per tonne. This means that the quotation is 15 euros higher than in the same week last year. In 2022, extremely high prices of 670 euros per tonne were recorded due to the Russian invasion of Ukraine. The price decline on the futures markets is large this week. At the beginning of this week, the Paris stock exchange was still trading below the price achieved in Groningen. The cause is a stock market crisis due to fears of a recession in the United States. The stock market in Japan in particular fell, but other stock markets also fell sharply. Despite the tensions in the Middle East, the oil price has been under pressure for some time. This was mainly due to low demand from China. Fears of a recession in the United States caused the oil price to fall further to $76 per barrel of Brent oil at the beginning of this week. The rapeseed price is also seriously affected by this. ...