News

Rapeseed prices stabilize below €410/t

Rape Leaves
Oil & Fats
Market & Price Trends
Published Feb 27, 2024

Tridge summary

European rapeseed prices are on a downward trend due to technical support and a poorly oriented oilseed complex. Soybean prices are also falling due to competition from Brazil and high production prospects in Argentina. The biofuels sector is feeling the impact of falling crude oil prices. However, palm oil prices on the Kuala Lumpur Stock Exchange have started the week on a positive note, despite a slowdown in Malaysian exports in February. Euronext rapeseed futures for May 2024 and August 2024 have also seen a slight decrease.
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

European rapeseed prices were moving on a stable to downward trend this Monday at mid-session on Euronext, shared between technical support and the influence of an oilseed complex that is still poorly oriented. Soybean prices in particular continue to sink under the pressure of very competitive Brazilian competition internationally and high production prospects in Argentina. The biofuels sector is also degraded by the downward turn in crude oil prices, in a market that is less and less optimistic regarding the evolution of American key rates. Palm oil on the Kuala Lumpur Stock Exchange, however, started the week on a small positive note, despite ...
Source: TerreNet
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