Tridge summary
The article explains the significant increase in rapeseed prices in Europe, driven by a smaller harvest in the EU and a weak sunflower crop. The situation is worsened by a expected decrease in cheap oilseeds from Ukraine. As a result, rapeseed prices have reached a two-year high of €525 per ton. In addition, the number of sunflower seed imports to the EU has risen by 50% compared to the previous year. Furthermore, rapeseed has emerged as a profitable crop in Kazakhstan this season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The rally in prices for the oilseed, which is popular in Europe, is due to both a small rapeseed harvest in the EU and a weak harvest of an alternative crop, sunflower. High domestic prices in Europe are also supported by the global trend. Dr. Olaf Zinke, an expert at agrarhuete.com, writes about this. Why did rapeseed rise in price? According to the latest estimates of the European Commission, the rapeseed harvest in Europe amounted to only 17.15 mln tons, which is 2.6 mln tons (13%) less than in the previous season. Against this backdrop, in early November, rapeseed prices rose to €525 per ton, the highest in two years. Back in early October, the price for a ton of rapeseed was about 420 euros. The reason for this is a significant shortage of supplies to European processing plants, which is already observed. Also, processors expect less cheap oilseeds from Ukraine than in the previous season. Strategy Grains experts predict further increase in prices for rapeseed in the EU. The ...
Source: UkrAgroConsult
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