Exports boost results for record oilseed rape crop

In what the company describes as a challenging and surprising marketing season, Gleadell’s harvest oilseed rape pool has returned £352.50/tonne ex-farm to growers after commission and before bonuses.

Initially, little and often was sold to put a base into its pool sales. Once it became apparent that the crop had defied all expectations, the balance of the pool was sold into the developing export market.

Current ex-farm prices are at £355-£365/t ex farm, depending on location, with new crop at £330-£340/t ex farm. 

“There is some concern over rapeseed plantings in Germany, Denmark, Romania and Bulgaria - and this uncertainty should support new crop UK rapeseed for the time being,” said trading manager Jonathan Lane. Underlying continental demand would support rapeseed throughout the season, but prices may be vulnerable in the short term.