By FWi Staff
OILSEED rape prices remain unchanged this week with values too low to tempt producers to enter the market.
Ex-farm prices are about £157/t for the second week while delivered markets inched up slightly to average £162.40/t for January deliveries. February deliveries remain unchanged at £165.30/t.
Crushers margins have been squeezed tighter and production has slowed due to the difficulty in purchasing seed. There is little hope for any improvement until the value of rape oil rises, noted one trader.
Soya prices were boosted last week as the cold weather set in the mid-west. Although dry weather continues over the South American crop, the crops are reported to still be in good shape. This will tend to limit price recovery, said a spokesman from the Home-Grown Cereals Authority.