There isn’t enough rapeseed oil in Europe

Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that domestic sales of wines without geographical indication and wines with protected designation of origin decreased by 8 percent in volume, while their processing sales price increased by 2 percent in January 2017 (compared with January 2016.

Since there isn’t much rapeseed in European warehouses, the price of vegetable oils, soybean and rapeseed oil (canola) increased. In the Hungarian market rapeseed cost HUF 103,000-104,000/ton on the first week of February – this price was 12 percent lower than in the same period of 2016.

According to data from the European Commission, on the first 6 weeks of 2017 whole chicken cost EUR 175.9/100kg in the European Union, 1.6 percent less than in the same period of 2016. In Hungary the live weight production price of broiler chicken was HUF 245/kg, 3.6 percent less than on the 6th week of 2016.