Rapeseed quotations in Paris have risen, but in Ukraine prices remain under pressure from export duties.

Forecasts of reduced sunflower yields in both Ukraine and the EU are increasing demand for rapeseed from processors as an alternative raw material, but over the past week, rapeseed quotes in Paris rose, while demand prices in Ukraine remained virtually unchanged. November rapeseed quotes in Paris rose by 3.8% over the week to a 3-month high of 483.75 €/t or 562 $/t. The main factor supporting the rise was the increase in sunflower oil prices in the EU to 1350-1370 $/t, which led to an increase in rapeseed oil prices to 1300-1310 $/t FOB Netherlands. It should be noted that in the absence of active rapeseed supplies from Ukraine, European farmers also began to restrain sales when prices fell below the psychological level of 500 €/t delivered to the plant, so processors intensified purchases of canola from Canada. November futures for Canadian canola rose by 2.3% over the week to 627 CAD/t or 450 $/t, but are still trading 110 $/t below Paris futures, making Canadian canola the most ...