Rising vegetable oil prices and falling euro exchange rate support rapeseed quotes

the week adjusted the dollar price to $546/t. The government crisis in France continues to weigh on the euro, which in turn supports rapeseed prices in euro terms. At the same time, the decline in feed grain prices led to a drop in rapeseed meal prices in the EU, which limits further growth in rapeseed quotations. Against the backdrop of a strengthening oil market, November palm oil quotes increased by 2.7% in two days to $1,090/t (+4.5% in two weeks) ahead of the publication of a report on production, exports and stocks in Malaysia, as well as due to a sharp increase in sunflower oil prices caused by forecasts of a reduced harvest in Ukraine. Sunflower oil quotes on the Trading Economics platform rose by 3.6% to $1,410/t over the week (+3.6% over two weeks). The price increase is mainly due to prolonged rains in Ukraine and delays in deliveries of the new crop. In the North American market, November canola futures in Winnipeg rose by only 0.5% over the week to CAD 616/t or ...