Global: Rapeseed is moving marginally below €445/t

Published 2023년 10월 16일

Tridge summary

Rapeseed prices were declining on Euronext due to a weak soya complex and competition from Brazil. In contrast, palm oil prices were rising on the Kuala Lumpur Stock Exchange due to increased Malaysian exports. The stability of Brent crude oil prices at $90 per barrel also supported the biofuel sector.

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

Original content

Rapeseed prices were moving on a stable to downward trend this Monday at mid-session on Euronext in the face of a hesitant soya complex. American quotations actually gained tension last week after the USDA announced that it was anticipating an American harvest below market expectations, but Brazilian competition continues to drag the entire global market downward. Palm oil, on the other hand, continued its rapid recovery this morning on the Kuala Lumpur Stock Exchange to return to its highest level in more than a month, driven in particular by an increase in Malaysian exports since the start of the month. The barrel of Brent stabilizes at $90/bbl and maintains its support for the entire biofuel sector. Around 1:00 p.m., ...

Source: TerreNet