EU Rapemeal Prices
21/05/13 -- Rapemeal prices on the continent are mostly a little steadier today, following gains in Chicago soymeal values last night. Trade is quiet however, with consumers content to sit on their hands for the time being. Rapemeal quotes look expensive when taken as a percentage of value of soymeal, and particularly so given the potentially bearish outlook for new crop soymeal prices.
Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
| May13 |
298.00
|
-1.00
|
| Jun13 |
296.00
|
+1.00
|
| FH Jul13 |
288.00
|
+3.00
|
| LH Jul13 |
278.00
|
+3.00
|
| Aug/Oct13 |
228.00
|
+1.00
|
| Nov13/Jan14 |
226.00
|
+1.00
|
| Feb/Apr14 |
226.00
|
+1.00
|
| May/Jul14 |
224.00
|
+2.00
|