The world market price of rapeseed decreased

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In Germany, rapeseed for November export (C&F Hamburg) fell by $23 to $461/ton. In Ukraine, the immediate export (FOB) price of rapeseed delivered to the western border was $30 lower ($335/ton). In Russia, the spot market price of the crop fell by $63 to $362/ton as new export duties on vegetable oils were introduced from October 1. In Canada, canola spot port price (FOB Vancouver) decreased by $35 ($556/ton), February 2024 $38 ($559/ton), May 2024 $40 ($565/ton) during the indicated period. In Australia, FOB canola prices were $24 lower ($442/t) on October 13. In India, the immediate export price of the crop decreased by 11 dollars to 709 dollars/ton at the same time. According to AKI PÁIR data, the producer price of rapeseed without VAT and transport costs was HUF 155.6 thousand/ton (-44 percent) in the second week of November. On the Paris Commodity Exchange (Euronext/MATIF), the settlement price of rapeseed for February 2024 was in the range of 430–446 euros/ton between November 3 and 17.

AKI PÁIR