Oilseed prices lower as EU awaits harvest

By FWi staff

OILSEED markets worldwide were generally lower last week, following the lead of falling vegetable oil prices.

MATIF rapeseed lost Euro1.50, while delivered UK values were 50p lower. The stronger Euro and Sterling against the US Dollar added to the pressure.

Trade activity again remained subdued as the market is awaiting the new crop. Although a lower EU crop is expected to be supportive, large rape-oil stocks weigh on the market.

They have to be sold to make room for the new crush.

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