Rapeseed prices on Euronext responded to China’s new tariffs against Canada by rising

Euronext rapeseed prices have risen slightly. Over the week, rapeseed futures gained €2, reaching €475.75/t. The market is focused on China’s decision to impose high tariffs on Canadian rapeseed imports, which will take effect Thursday. China is expected to resume purchasing rapeseed from Australia. As a result, Canadian rapeseed is expected to be redirected to Europe. Due to competition from China, EU countries’ purchases of Australian rapeseed are now in question. More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in ...