Rapeseed drops by €10/t on European exchange

Rapeseed prices were once again falling by nearly €10/t this Wednesday at mid-session on Euronext. The recent premium formed on the close after the suspension of river traffic on the Moselle is tending to be absorbed given the logistical adjustments and alternative solutions already applied. Canadian canola is also increasing its competitiveness on the European market, while deals with Australian exporters are adding a little more to the downward trend on the Community market. The oils sector is still being battered by the fall in palm oil, which suffered a further 4% slide this morning on the Malaysian Stock Exchange to fall to its lowest level in almost two months, still against a backdrop of a slowdown in Malaysian exports since the beginning of the month. The soy complex is widening its losses in ...