News

Anala Rajkot

Nov 13, 2024

Rapeseed Prices Continue to Climb on Euronext Due to Sunflower Harvest Shortfall

Rapeseed Prices Continue to Climb on Euronext Due to Sunflower Harvest Shortfall



Rapeseed prices on the Euronext exchange have been steadily rising due to tighter sunflower and oilseed supplies. Between November 1 and 7, rapeseed prices climbed by €10,50 per ton, reaching €532,75 per ton.

Key Drivers of the Rapeseed Price Increase

Lower palm oil availability and poor weather across Europe have reduced sunflower yields, creating a supply gap that has boosted rapeseed demand. The drop in sunflower production has pressured the market for alternative oilseeds, including rapeseed.

In Ukraine, forecasts indicate that the 2025 rapeseed harvest will be down by 21% compared to this year, as low moisture levels during winter sowing hindered crop establishment.

Rising Demand for High-Value Oilseeds in Ukraine

High-value oilseeds such as rapeseed, mustard, flax, and coriander now match sunflower’s market value at Ukrainian elevators. The current price for class 1 rapeseed (35 µm, non-GMO) is UAH 23,310 (USD 550,00 CPT terminal). For rapeseed up to 25 µm, non-GMO, the price stands at UAH 21,260 (USD 530,00 CPT terminal).

Conclusion:

With continued tight supplies for sunflower and palm oil, rapeseed prices are likely to stay elevated. This market environment could benefit producers holding or acquiring rapeseed stocks, as demand remains robust. However, any significant improvements in weather or increased supply could shift the balance, so staying updated on market trends is essential.





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