High stocks of rapeseed in Poland, but also in the world
Canola Seed & Rapeseed
Poland
Published Jan 17, 2023
Tridge summary
During Farmer's regional conferences "Direction of Innovation" in Wielkopolska and Lower Silesia in early January this year, a lecture was given by Mirosław Marciniak, an independent market analyst of cereals and oilseeds from InfoGrain. He discussed e.g. the situation on the rapeseed market, what and why affects prices. He provided specific balance sheets that allow to assess how the demand for raw materials, and thus prices, will develop. Unfortunately, the trend is downward.
Original content
First, the speaker presented a detailed chart regarding the changing rapeseed prices on the commodity exchange in Paris. Where he directly emphasized that breaking above 1 thousand. euro per tonne was the result of a combination of factors, from the low balance of Canola in Canada, which is its largest producer and exporter in the world, to the outbreak of war in Ukraine caused by Russia's attack on this country. This made the values of these seeds reach their apogee. Rapeseed quotes on Matif, InfoGrain slide High rapeseed production in the 2022/2023 season However, moving the situation from a year ago to the one we have now, despite the ongoing war, this one looks better now than in the previous season. Although it all depends on the point from which you look. Because production is to be higher and closing stocks too. - When it comes to the global rapeseed balance, according to the USDA, we have a much higher production than in the previous season - he said. And he supplemented ...
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