World: International grain and oil seed futures market March 2024, stabilization at a low level

At the beginning of March, the rapeseed price was able to stabilize at a level above 410 euros/t. Previously, the price had broken out of the sideways trend downwards. Due to the price decline, a downward trend has formed in the charts. With the price jump on Monday, March 4th, the market has risen to the resistance of the 20-day line. Source: ks-agrar.de Imports into the EU-27 are currently still well below the previous year's level at 3.6 million tonnes. In the same period, 5.4 million tonnes were imported. The main suppliers remain Ukraine with 2.4 million t and Australia with 768,000 t. Canada's share of total EU imports fell by three percentage points to 1.2%. Moldova and Serbia have become significantly more important as rapeseed suppliers to the EU and have multiplied their imports to 233,100 t and 107,200 t respectively. In the case of Moldova, it can be assumed that most of the rapeseed exported to the EU comes from Ukraine, as Moldova itself only produced around 75,000 t ...