Demand Prompts Rise in UK Rape Meal

Despite a steady straights market over the last few weeks, a number of commodities continue to fluctuate.

Home produced rapeseed meal has risen 6/t to 107/t. This has been triggered by a lack of supply of rape across northern Europe, which has increased demand for meal, says Ian Tremain of Mole Valley Feeds.

“Linked to this is the fact that soya is easing back, making rape look disproportionately more expensive,” he adds.

Brazilian 48% pellets have dropped 4/t from last week to 147/t. “As we get closer to the harvest in October, production figures increase. The expected big harvest has triggered a drop in price,” says Mr. Tremain.

He believes that we will see more buying opportunities over the next six weeks, especially on soya, as prices continue to ease in response to the high quality crop.