EU rapeseed and sunflower seed prices fall as supply improves

Published 2022년 6월 27일

Tridge summary

Strategie Grains forecasts a decline in the prices of rapeseed and sunflower seeds in the EU for the 2022/23 season, expected to be around US$665 a tonne for rapeseed and around €600 per tonne for sunflower seeds in France. This forecast is due to higher projected yields and continued Ukrainian imports, despite temporary supply-related tensions caused by the invasion of Ukraine. The consultancy also anticipates a decrease in EU rapeseed stocks at the end of 2022/23 due to the uncompetitiveness of Canadian imports and increased rapeseed crushing.

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Original content

PARIS (Reuters) - European Union rapeseed and sunflower seed prices are expected to decline in 2022/23 from this season's high levels, reflecting projected higher yields and continued Ukrainian imports, consultancy Strategie Grains said. Rapeseed futures on Euronext have hit an all-time high this year as Russia's invasion of Ukraine has exacerbated supply-related tensions in global oilseed and vegetable oil markets. For rapeseed, the average price in Hamburg could reach around US$665 a tonne in 2022/23, which would represent a drop of US$160, or nearly 20%, compared to 2021/22, Strategie Grains said in a monthly report. The consultancy raised its forecast for this year's EU rapeseed harvest to 18.3 million tonnes from 18.2 million a month ago. The volume would be almost 8% above last year's crop. The upward revision reflected good yield prospects in the Czech Republic and Baltic countries, as well as increased area estimates for Sweden and France, it said in a report. + Check out ...

Source: Istoedinheiro