EU Rapemeal Prices
09/07/13 -- Rapemeal prices on the continent are mostly unchanged, with a couple of small adjustments to the nearby positions as July and Aug attempt to converge a bit closer together. The French Farm Ministry estimate OSR production there this year will fall 18.5% to 4.4 MMT.
German output however is expected to rise 21% to 5.8 MMT, according to Oil World, as the two countries swap places at the head of the EU-28 rapeseed production table.
Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
| FH Jul13 |
280.00
|
n/a
|
| LH Jul13 |
270.00
|
-5.00
|
| Aug13 |
224.00
|
+3.00
|
| Sep/Oct13 |
215.00
|
unch
|
| Nov13/Jan14 |
210.00
|
unch
|
| Feb/Apr14 |
208.00
|
unch
|
| May/Jul14 |
205.00
|
unch
|
| Aug/Oct14 |
190.00
|
unch
|
