EU rapeseed climbs another €3/t

Rapeseed prices continued their recovery movement this Friday at mid-session on Euronext, still driven by the renewed strength of crude oil prices. Reassuring economic indicators in the United States and the worrying escalation of tensions in the Middle East are indeed boosting the prices of black gold, and consequently the raw materials used in biofuel manufacturing. Palm oil on the Kuala Lumpur Stock Exchange ended the week with a gain of more than 1%, in the face of the recovery in Indian demand and a potential increase in incorporation rates in Indonesian biodiesel. The strikes currently affecting crushing plants in Argentina are also delaying the country's ...