The price of rapeseed old crop in Paris is 17% higher than the new crop, canola old crop in Paris is 17% higher than the new crop

2021-03-24 12:06:58
Machine translation
The price of rapeseed old crop in Paris is 17% higher than the new crop, canola old crop in Paris is 17% higher than the new crop

as a Result of low rapeseed crop in 2020 in the EU and Ukraine in the EU increases the deficit of the rape, against the background of the rapid rise in price of vegetable oils has led to a rise in the price of rapeseed on the stock exchange in Paris and canola in Canada.

 

May futures on rapeseed MATIF in Paris yesterday increased by 7.75 €/t to 520,75 €/t or 616,75 $/t, and since the beginning of March have increased in price 5% on the back of tight supply and rising prices for soybeans and canola.

 

According to the European Commission, the import of rapeseed in the EU dropped from 115 to 91.5 thousand tonnes, but in the whole season made up 4.87 million tonnes, slightly higher than last year's figure – of 4.81 million tonnes, the Share of Ukrainian rapeseed in the specified volume is 45%, or 2.18 million tonnes, canadian – 35%, or 1.72 million tons, an Australian – 16% or 788 thousand tons.

 

May canola futures on the Chicago Board of SWOT in the middle of March reached 800 CAD/t or 635,5 $/t, but Monday declined to 779,3 CAD/t or 619 $/t

 

it Should be noted that the difference between prices on the may and August futures on rapeseed is already 75 €/t or 89 $/t, while the difference between the prices of may and November canola futures reaches 165 CAD/t or 131 $/t

 

Such a big difference between the prices of canola due to the predicted increase its production in Canada in 2021/22 MG in comparison with the previous season by 6% due to the expansion of sowing and improve productivity, while for Ukraine and the EU forecasts rapeseed production remain at the level of the current season.

 

In Ukraine, the forward prices for delivery in the port of new rapeseed harvest in July – September remain at 500-520 $/t, but the producers are not in a hurry contractualise given record-high prices for soybeans and sunflower, which reach 540-630 $/t and $740-750/t (excluding VAT), respectively.

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