EU Rapemeal Prices Slump Further
26/07/13 -- Rapemeal prices on the continent are sharply lower for a third day, following steep declines in CBOT soymeal.
Ukraine analysts ProAgro forecast OSR production there to jump 76% to 2.2 MMT this year, with almost the entire crop (2.1 MMT) likely to be exported, and the vast majority of that will be coming to Europe.
Paris rapeseed trades at lifetime contract lows, with Aug 13 at the lowest levels seen for a front month since August 2010.
Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
| LH Jul13 |
235.00
|
-13.00
|
| Aug13 |
216.00
|
-4.00
|
| Sep13 |
212.00
|
-4.00
|
| Oct13 |
210.00
|
-3.00
|
| Nov13/Jan14 |
197.00
|
-9.00
|
| Feb/Apr14 |
195.00
|
-9.00
|
| May/Jul14 |
192.00
|
-8.00
|
| Aug/Oct14 |
180.00
|
-8.00
|