EU Rapemeal Prices
07/03/13 -- Rapemeal prices on the continent are mixed today, new crop looks a little firmer on worries that the EU rapeseed crop might not hit ABARES forecast of 19.6 MMT from earlier in the week with a severe cold snap expected across much of Europe next week.
MDA CropCast see EU rapeseed production falling to 17.84 MMT in 2013/14, which is well below demand of typically 22-23 MMT.
Guide prices, basis FOB Lower Rhine in euros/metric tonne, with change from previous session:
| Mar13 | 283.00 |
-1.00 |
| Apr13 | 279.00 |
-1.00 |
| May/Jul13 | 259.00 |
+1.00 |
| Aug/Oct13 | 211.00 |
unch |
| Nov13/Jan14 | 214.00 |
+1.00 |
| Feb/Apr14 | 214.00 |
+1.00 |
| May/Jul14 | 214.00 |
+1.00 |
