The Rapemeal Market

19/07/11 -- The domestic rapemeal market seems to have sprung into life during the last week or so from what I am hearing. Maybe the crushers haven't got a particularly high percentage of sales on for new crop with August only round the corner? Or maybe they are conscious of extra crush capacity coming onto the market in Germany during the second half of 2011 will mean that there's more meal about?

Extra capacity will be added with the reopening of Bunge's 1.1 MMT/year Mannheim plant which was badly damaged by fire in April 2010, and is scheduled to begin production again as early as next month.

A second plant in the north of Germany is set to double it's capacity by the autumn, according to this report: Read all about it.