Quotations for rapeseed in Paris are decreasing and putting pressure on prices in Ukraine, but in Canada, the fall in canola prices has stopped.

Rapeseed quotations on the Paris exchange decreased by 1.6% over the week to a 6-month low of 460 €/t or 541.2 $/t due to pressure from improved crop forecasts in Canada and Australia and falling prices for Canadian canola. However, it should be noted that European farmers have suspended sales, and importers have no sources of supply, as the harvest is still being collected in Canada and will begin in December in Australia, while exports from Ukraine have stopped due to the introduction of export duties and problems with the processing of export documents. Export demand prices for rapeseed in Ukraine fell by 5-10 $/t over the week to 525-545 $/t (22500-23000 UAH/t) with delivery to the Black Sea ports, but traders note a sharp drop in rapeseed supply from farmers who have started harvesting sunflower, soybeans, and corn. Producers have moved to selling new crop sunflower, which over the week has risen by 500-1000 UAH/t to 27000-28000 UAH/t (oil content 50%) or 570-590 $/t without ...