Hungary: The price of rapeseed is at its peak

Rapeseed prices are at record highs, which is expected to make cooking oil, margarine and biofuels more expensive. The main reason for the extraordinary price increase is that China also bought Ukrainian rapeseed and its products, so it could not enter the European market, Népszava wrote on Monday. The rise in rapeseed prices was also affected by the scarcity of stocks in Canada, the world’s largest producer. This year, half a year before the harvest, the storage space was emptied, because last year was the most modest crop of the last five years, and then the extreme heat of July also ruined the crop waiting to be harvested. the paper wrote. Rapeseed shortages are exacerbated by the high demand for oilseeds, ...