Global: Significant fall in the price of rapeseed on the Paris stock exchange
Canola Seed & Rapeseed
Published Mar 12, 2023
Original content
The last week of trading oil futures on world stock exchanges brought a drop in prices. Rapeseed on the Paris exchange fell particularly sharply and on Friday reached the lowest price since June 21, 2021. At the same time, last week the price fell below EUR 500/t for the first time since June 2021. The prices of other oilseeds also fell. However, Friday's price of Canadian canola is at the level of January 24, and US soybean prices are only slightly lower than in early March. All in all, after Friday's trading session, we have the following picture. The price of rapeseed on Matif is lower than the price of Canadian canola listed on the Winnipeg Stock Exchange by PLN 250/t (for the comparison of prices on individual exchanges, I use the conversion rate according to the average NBP exchange rate of a given currency to our zloty). This is a fairly common phenomenon. Historically, there have been periods of canola price advantage over European rapeseed, e.g. by as much as about PLN ...
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