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Rapeseed prices on Euronext experienced a slight increase on Thursday due to a new rise in palm oil prices on the Malaysian Stock Exchange. The increase in vegetable oil prices is attributed to a decrease in production in Southeast Asia and an anticipated recovery in Chinese and Indian demand. Meanwhile, canola prices are also rising on the Winnipeg Stock Exchange, in anticipation of a potential downward revision of Canadian production. However, the soybean complex in Chicago is hesitant due to the risks of a trade war between the United States and China and a predicted large South American harvest.
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Original content
Rapeseed prices recorded a slight upward performance this Thursday at mid-session on Euronext, helped by a new increase in palm oil on the Malaysian Stock Exchange. The contraction in production in Southeast Asia and an anticipated recovery in Chinese and Indian demand are maintaining significant tension on vegetable oil prices, while Indonesia is preparing to increase its incorporation mandates, and consequently reduce its presence on the global market. Canola is also rising again this Thursday on the Winnipeg Stock Exchange, awaiting the StatCan report on Canadian production, in which a downward revision of canola supply is anticipated. The soybean complex, however, remains very hesitant in Chicago, given the risks of a ...
Source: TerreNet
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