Global: Significant fall in the price of rapeseed on the Paris stock exchange

Published Mar 11, 2023

Tridge summary

Last week saw a notable decrease in oil futures prices on global stock exchanges, with rapeseed prices on the Paris exchange reaching a record low since June 2021. This drop is largely due to a return to normal harvest levels and a record global rapeseed harvest of 65.2 million tons, as reported by the USDA. The price gap between rapeseed and canola, as well as rapeseed and soybean, has also shifted, with soybean now more expensive. The article urges producers to rely on fundamental data rather than market sentiment when deciding to sell.

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

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 ...

Source: Farmer.pl