Price peak continues: European rapeseed oil continues to fall in price

Published May 18, 2023

Tridge summary

Rapeseed oil prices in the European market, especially at Rotterdam, are experiencing a downturn due to decreased demand from the biofuel industry, leading to a significant drop in prices. As of May 15, the prices have fallen by about $100 per ton in the past two weeks, reaching $900 per ton, a level much lower than early February this year. The high supply volume of oil in the European market is also putting pressure on prices. Additionally, European rapeseed oil is poised to increase its market share in major importing countries due to a high discount compared to crude palm oil and Argentine soybean oil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the European market at the Rotterdam site, rapeseed oil prices continue to decline amid weakened demand from the biofuel industry. As of May 15, according to Oil World (Germany), prices for the product reached $900 per ton, having decreased over the past 2 weeks by almost $100 per ton, or 10%. This is also significantly inferior to the price level as of the beginning of February this year. ($1160-$1180 per ton). In addition, according to Oil World (Germany) experts, prices are under pressure from high supply volumes of oil on the European market. This was reflected in an unusually high discount ($50 per ton compared to the price of crude palm oil ...

Source: Oilworld