EU Rapemeal Prices

Posted by Nogger - a legend in his own mind at 10:52 | Categorized as

17/06/13 -- Rapemeal prices on the continent are mostly weaker, with the exception of nearby old crop which remains tight on seasonal shut-downs. Prospects for 2013 rapeseed production across Europe look a little brighter.

Since the beginning of the month the Nov 13 Paris rapeseed future is down over 20 euros, yet the price of meal on the continent is unchanged in this time, meal in Erith is up GBP3/tonne and meal in Liverpool up GBP5/tonne during the same period! The pound meanwhile has improved, up around a cent against the euro (and over 5 cents versus the dollar) over the course of the month so far. Hmmmm....

Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:

Jun13
unq
n/a
FH Jul13
unq
n/a
LH Jul13
312.00
+6.00
Aug/Oct13
239.00
-1.00
Nov13/Jan14
230.00
-2.00
Feb/Apr14
228.00
-2.00
May/Jul14
226.00
-3.00
Aug/Oct14
206.00
-3.00