New crop rape starts week firmer

Monday, 2 March, 1998

By FWi staff

OILSEED rape looks likely to remain the best performing combinable crop, according to traders early this week.

New crop rape is now worth £159/ tonne delivered – an increase of about £4 on prices this time last week. Farmers are gradually showing increased interest in forward selling although new crop prices are expected to increase further

According to the Home-Grown Cereals Authority, lower seed prices have boosted new crop crush margins above last years levels. Oilseed prices are forecast to rise at new crop markets in Liverpool and Erith, say HGCA analysts.

Meanwhile, ex-farm old crop prices have climbed to about £186/ tonne. But this years crop is all but sold and trade is down to a trickle. Few farmers will be able to take advantage of a market which will continue to firm, say traders.

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