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