Rapeseed quotations on MATIF end the year with the highest price in a month in Poland
Canola Seed & Rapeseed
Poland
Published Jan 1, 2023
Original content
Although the last day and week of the year were upward, rapeseed prices fell - let's face it - badly. Price drop by 22.5 percent. y/y stands in opposition to ... well, almost everything: m.in. inflation over 17 percent, increase in the cost of money, increase in fertilizer prices, increase in fuel prices, etc., etc. The passing year started not very optimistically for rapeseed producers and rapeseed holders. However, from about mid-February, prices began to rise again, and after Russia's attack on Ukraine on February 24, they shot up, reaching an exorbitant value of almost EUR 1,100/t at the end of April. After that, it only got worse and worse (see chart below). Rapeseed in a contract for delivery in February rose 0.4% on the Paris Stock Exchange on Friday. and amounted to EUR 584.25/t (PLN 2,740/t) and were 22.5% lower than at this time last year. Over the past week, the price of rapeseed rose by 3.1 percent. Canadian canola shares fell 1.5 percent on Friday. and amounted to CAD ...
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