By FWi staff
TRADERS are gradually accepting that very little is left of this years UK crop. Sales are very quiet and only very small amounts are reported to be left on-farm.
However, few merchants expect domestic oilseed rape prices to rise from current levels.
March rape is selling for 191/t with prices rising by 1 for subsequent months. Ex-farm rape prices are currently stable at 180/t with new crop fetching 150-155/t.
Meanwhile, analysts predict that the 1998 oilseed rape harvest could be the biggest ever. According to World Oil magazine, the global yield could increase by almost 8% to 37.1 million tonnes.