Prices for rapeseed remain under the pressure of the markets of oilseeds

the Fall in oil prices and forecast a record production of oilseeds in the current season were the main factors of pressure on the price of rapeseed in the EU, which is the main processor of oilseed rape for biodiesel.

the November canola futures remain at 372,25/t, but the dollar price due to the weakening of the euro fell to 424,85 $/t. the Decrease of rapeseed production in the EU and in Australia, canola is not considered a factor of pressure on prices as European refiners increased imports of cheap soybeans from the United States to compensate for the shortage of raw materials.

according to a new forecast Oil World in 2018/19 MG Australia will reduce the production of canola up to 2-2. 3 million tonnes, which will be the lowest rate of the last 9 seasons and will be significantly inferior level of last season, 3.7 million tons and the level 2016/17 MG 4.4 million tons.

experts of the Australian Federation of oilseeds believe that in 2018/19 MG acreage Canalou will be reduced from 2.65 to 1.59 million hectares, and its production will account for only 1.96 million tons, with the result that exports will decrease to 1.4-1.7 mln tons.

the EU after dry weather reduced crops, and the condition of the staircase is a concern regarding the fate of the next harvest.

Ukraine this season, has gathered 2.7 million tonnes of rapeseed, which is able to export about 2.4 million tons Due to the high purchase price, sowing areas under winter rapeseed exceeded 1 million hectares, and precipitation in September contributed to the development of crops. The demand for rapeseed by exporters decreases with execution traders in export programs.

the Purchase price of rapeseed in comparison with the August prices fell to 415-420 $/t at the port and 410-415 $/t at the border Ukraine-Poland, however, are more interesting than prices for soybeans, for which the exporters depending on the quality and delivery basis offer 330-350 $/t