News

Poland: Wheat is again above EUR 200 per tonne, and the situation in the rapeseed market is improving

Rape Leaves
Canola Seed & Rapeseed
Poland
Market & Price Trends
Published Mar 21, 2024

Tridge summary

The prices of wheat, corn, and rapeseed have seen a surge on Matifa due to the Black Sea situation and the stabilization of Russian wheat export prices. Wheat prices rose by EUR 3/t to EUR 200.25/t, while rapeseed prices increased by EUR 3/t to EUR 446.25/t, driven by strong vegetable oil prices and dwindling supplies from Ukraine. Corn prices also experienced a hike of EUR 3.25/t to EUR 186.75/t, marking the highest since January 25, attributed to the escalating wheat prices and adverse weather conditions in the US corn belt.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The price of wheat, but also corn and rapeseed increased yesterday on Matifa. This is related to the situation in the Black Sea; mutual attacks provide grounds for reflection on the continued ability of Russia and Ukraine to continue supplies. The stabilization of export prices for Russian wheat also has an impact; all this resulted in an increase in the price of wheat by EUR 3/t to EUR 200.25/t. In turn, on CBoT, the May contract recorded a profit of 9.75 ct to 552.5 ct/bu. The situation on the rapeseed market is getting better and better; yesterday it went up in price again, this time by EUR 3/t to EUR 446.25/t. – European rapeseed continues to perform well thanks to solid vegetable oil prices. The market is also supported by expiring supplies from Ukraine. Ukraine has already introduced the 2023 harvest to the market. New deliveries ...
Source: Wrp

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