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Euronext rapeseed suffers a drop of €3/t

Published Feb 7, 2025

Tridge summary

Rapeseed prices on Euronext saw a slight decrease on Friday, following a return to their highest level in two weeks the previous day. The market is influenced by the rebound in Canadian canola prices, which have reached nearly three-month highs due to a delay in US import taxes on Canadian products. Palm oil on the Malaysian Stock Exchange is also gaining momentum due to estimated sharp contraction in Malaysian stocks last month, with expectations of a recovery in Indian demand in February. The soybean complex is showing no clear trend, with potential record production in Brazil offset by deteriorating growing conditions in Argentina.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices recorded a slight decline this Friday at mid-session on Euronext, after having returned to their highest level in two weeks at the previous day's close. The market continues to evolve in sympathy with the sharp rebound in Canadian canola, whose prices on the Winnipeg Stock Exchange have returned to nearly three-month highs after the announcement of the one-month postponement of US import taxes on Canadian products. Palm oil on the Malaysian Stock Exchange is also regaining a notable upward momentum, in response to the estimated sharp contraction in Malaysian stocks last month. The market is also anticipating a recovery in Indian demand during the month of February. The soybean complex has been evolving without a clear trend for several sessions, torn between the prospect of ...
Source: TerreNet
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