Canola prices on the Paris Stock Exchange fell 10% last week after rising 20% in the first half of June. According to industry experts, this fact increases the pessimism of Ukrainian farmers, who may be affected by low oilseed prices in the new season. GrainTrade writes about it.
As noted in the materials, from Monday, forward prices for Rapeseeds with delivery to the port has already dropped to 330-340 USD per ton. However, demand from European buyers is still low.
"Processors are bidding 13.000-13.800 Ukrainian hryvnia per ton for rapeseed on delivery to the factory, and farmers are ready to bid in large lots," the report reads.
At the same time, according to the experts, the situation in ZusaRelated to the possible conclusion of the grain deal after July 18, “severely restricting rapeseed exports to the EU” and could further affect pricing.
Source: oleoscope (Russian)