Hungary: The export of rapeseed rose

Published Apr 3, 2024

Tridge summary

The article highlights significant fluctuations in the global market prices for canola and rapeseed from February 16 to March 15. In Ukraine and Russia, the spot export prices of canola seed saw increases of $10 and $33, reaching $365/ton and $408/ton, respectively. Canada's canola spot port price in Vancouver rose by $38 to $496/ton, with future prices for August and November also up by $30. Australia experienced an $18 increase in its spot delivery price for canola, reaching $462/ton, and India's price rose by $13 to $664/ton. However, Hungary's producer price of rapeseed decreased by 18 percent to HUF 154.5 thousand/ton. Additionally, the May settlement price of rapeseed on the Paris commodity exchange showed volatility, fluctuating between 438-457 euros/ton in late March.

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

Original content

According to Tallage, the spot export (FOB) price of canola seed delivered to the western border in Ukraine increased by $10 to $365/ton between February 16 and March 15. In Russia, the spot market price of the crop rose by $33 to $408/ton. In Canada, the canola spot port price (FOB Vancouver) was higher by $38 ($496/ton), and the August and November prices were both $30 ($503 and $508/ton) higher in the indicated period. In Australia, spot delivery (FOB) canola prices rose $18 to $462/t at the same time. In India, the crop traded at $664/ton (+$13) on March 15. According to AKI PÁIR data, the producer price of rapeseed without VAT and transport costs ...

Source: Trademagazin