EU oilseed market quiet
By FWi staff
TRADING on EU rapeseed markets remained quiet last week, following low crush margins, uncompetitive export prices and limited selling activity.
Price changes were mainly related to currency movements. In the UK most of the crop is traditionally sold after harvest.
Although limited material has been available on markets this season, the bulk of the crop has reportedly already left the farm gate.
Much of it will be marketed through pools and cooperatives later in the season.
The UK June Census survey data confirmed earlier estimates of a large rapeseed area reduction for the 2000 harvest.
The area devoted to food rapeseed was reduced by 19% to 337,800ha, with Scotland seeing the largest percentage decrease of 28% to less than 37,000ha.
As expected, the UK linseed area fell sharply from 210,000ha to 72,000ha.
The UK oilseed crop will be the smallest since the mid-1990s. This should necessitate more imports this season.
- US$1 = 68.06p, 1 = US$1.4692 at time of writing.
- 4th Annual Crops Marketing Conference, 04 October, 2000
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Taken from HGCA weekly MI Bulletin To contact the HGCA phone 020 7520 3972 Click here to visit the Home-Grown Cereals Authority |