Manufacturers are reporting the return of paid duties for the period of September and October, according to analysts at Spike Brokers.
Total rapeseed exports in the current season as of November 13 amounted to 1.1 million tons, whereas last year on the same date it was 2.5 million tons. Remaining export potential is estimated at more than 1.5 million tons.
Complications in export logistics and customs barriers for intermediaries are significantly limiting current shipments. The February rapeseed futures (MATIF) are trying to overcome the 200-day average at €481, after which the market historically adds €10-20.
In the German market, rapeseed is trading with a premium of +€3-5 to MATIF with delivery to the factory by Euro-wagons. The spot index price for processing rapeseed with delivery within 30 days decreased by $1 compared to last week – to $592 including VAT. Demand in the direction of the western border remains stable – €455 DAP border in Ukrainian wagons.