Europe: Rapeseed settles above €500/t

Rapeseed prices continued their upward movement this Friday at mid-session on Euronext, with in particular a February 2025 contract which is trying to solidify its passage above €500/t. The rise in crude oil prices in the face of the risks of Israeli retaliation on Iranian infrastructure is indeed once again driving the entire oilseed complex upwards. Vegetable oil prices have also regained firmness after a jump in palm oil on the Kuala Lumpur Stock Exchange, driven by an acceleration in Malaysian exports since the beginning of the month. In France, the heavy showers which affected rapeseed plots in development and sunflowers awaiting harvest during the week have also raised many fears in the market. The oilseed complex, however, remains hesitant before the publication, this ...