News

Rapeseed falls heavily towards €450/t in Euronext

Rape Leaves
France
Regulation & Compliances
Canola Seed & Rapeseed
Oil & Fats
Market & Price Trends
Published Dec 2, 2023

Tridge summary

Rapeseed prices on Euronext experienced significant losses due to a drop in crude oil prices and a more conservative reduction in production quotas by OPEC+. African countries' hesitation to commit to production reductions also contributed to the decline in oil prices. Despite strong US sales and lower production expectations in Brazil, the rapeseed complex remains unstable.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The reluctance of African countries to commit to these production reductions also contributed to the bearish reversal of black gold on Thursday evening. The complex remains volatile, despite good international US sales recorded last week and production prospects in Brazil gradually revised downwards. Shortly before 2:00 p.m., Euronext ...
Source: TerreNet
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