RAPESEED ON THE SLIDE
RAPESEED VALUES have fallen this week on the back of weakening demand from biodiesel producers and a slow-down in Chicago soya futures. Prices were down £5-10/t as farmers weekly went to press, to about £122/t on Wednesday (Jan 19).
Glencore Grain’s Nick Oakhill said the UK still had a potentially exportable surplus of about 100,000t, but was not yet export competitive.
“Coupled with this, the American soya complex has fallen back £9/t since Jan 4,” he added.