Rapeseed quotations on MATIF end the year with the highest price in a month in Poland

Published 2022년 12월 31일

Tridge summary

In the latter part of the year, rapeseed prices experienced a significant decline, dropping by 22.5% year-over-year, despite factors such as inflation, increased cost of money, rising fertilizer and fuel prices. This decrease contradicts the overall market trends and is attributed to the impact of Russia's invasion of Ukraine. However, towards the end of the year, prices began to rise, peaking in late April. The Paris Stock Exchange reported a slight increase in the price of rapeseed contract for February delivery by 0.4%, despite being 22.5% lower than the previous year. U.S. soybeans saw a 14.3% increase year-over-year, while Canadian canola prices decreased by 15.2% over the same period. The price movements of these agricultural commodities were analyzed on various stock exchanges, with long-term trends showing fluctuations and short-term trends indicating downward movements.

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

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 ...

Source: Farmer.pl