RAPESEED ON THE SLIDE

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 ÂŁ5-10/t as farmers weekly went to press, to about ÂŁ122/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 ÂŁ9/t since Jan 4,” he added.

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