This week, rapeseed prices continue their positive upward trend along with oil prices, despite increased crop forecasts.
In Canada, the canola crop is currently being harvested, which accordingly reduces the impact of the weather on the value of shares.
Canola prices on the Canadian exchange rose due to the increase in rapeseed prices in France by 1.5% and are now worth almost $640. In two weeks, the price increased by 9.1%.
Rapeseed prices on the French MATIF rose by almost 3% since the beginning of the week and stopped at $644, i.e. almost 11.3% in two weeks. Prices are rising due to the news about the special creation of obstacles on the way to the implementation of the «grain agreement».
Prices for the purchase of rapeseed in the ports of Ukraine on the Black Sea are now at the level of $466-476, at the same time the cost of rapeseed with delivery to the countries of Hungary and Slovakia has increased to $600-625, but with shipment only at the end of this year.
Source: agrotrend.com.ua
