EU Rapemeal Prices
05/03/13 -- Rapemeal prices on the continent are mostly a little firmer today, following decent gains in Chicago soymeal last night which have been added to in overnight trade, although demand remains sluggish.
ABARES released their first estimates on Australian crop production for 2013/14 today, pegging the rapeseed crop there at 2.945 MMT, a drop of 4.7% with plantings seen falling 11%.
Guide prices, basis FOB Lower Rhine in euros/metric tonne, with change from previous session:
| Mar13 | 286.00 |
+1.00 |
| Apr13 | 282.00 |
unch |
| May/Jul13 | 262.00 |
+1.00 |
| Aug/Oct13 | 212.00 |
+2.00 |
| Nov13/Jan14 | 214.00 |
+1.00 |
| Feb/Apr14 | 214.00 |
+1.00 |
| May/Jul14 | 214.00 |
+2.00 |
