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Global: Oilseed prices are deflating

Published Jun 25, 2022

Tridge summary

Downward trend that has been consolidated for weeks, especially for rapeseed. A downward trend has been outlining for weeks, dominating the international and EU markets; the so-called "support" to the 750 € / t of rapeseed on the Paris stock exchange gave way due to the evolution of the price of oil and other oil commodities which, slowly, find those balances upset by the Russian-Ukrainian conflict and by the protectionist choices of some countries.

Original content

Bearish trend that has been consolidated for weeks, especially for rapeseed For weeks, a bearish trend has been outlining that dominates the international and community markets; the so-called "support" to the 750 € / t of rapeseed on the Paris stock exchange gave way due to the evolution of the price of oil and other oil commodities which, slowly, find those balances upset by the Russian-Ukrainian conflict and by the protectionist choices of some countries. Investors now seem more likely to speculate on the decline in rapeseed than on possible further hikes. Indonesia, after a month of a commercial blockade, wants to regain share in the oil market and returns to push palm sales with an offer that exceeds demand and produces the inevitable bearish effect after weeks of tension and skyrocketing prices; palm oil in the Kuala Lumpur futures market fell by 25% compared to early June and in Rotterdam (reference for Europe) it returned to below pre-war levels. The price trend of oilseeds ...
Source: Terraevita
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