oilseed rape harvest© Tim Scrivener
Oilseed rape prices saw a big spike in the week to 23 March, with UK prices increasing by an average of £5.70/t ex-farm due to the weaker sterling against the euro and a smaller Indonesian palm oil harvest than expected. Because of this, the Paris November 16 rapeseed futures contract closed at around £283.45/t on Tuesday (22 March), its highest level in sterling terms since July 2014, according to an AHDB Cereals and Oilseeds report. “The weakening sterling has contributed, […]
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