UK rapeseed exports off to a good start

Oilseed rape exports are leaving the UK in an Armada of boats heading for Germany, France and Poland, among other EU destinations. Record rape yields here are helping to make up for an anticipated overall shortfall in production compared with likely demand across the EU.

Spot prices were £365 to £368/t ex farm as Farmers Weekly went to press on Wednesday (3 August). Oilseed rape oil has been trading at a significant premium to soya oil for several months and the outlook is firm, say traders.