OSR prices edge up

By FWi staff

RAPESEED values inched up slightly over the week on the back an increase in demand from the crushers. But producers remain reluctant sellers.

EU prices also firmed over the week as the Dollar continued to firm against the Euro, strengthening the oil markets.

Ex-farm prices in the UK climbed by over £1 during the week to about £106.35/t and delivered stocks to Erith were trading at £115/t. January to March positions remain unchanged at £118/t.

China remains the market-supporting element in the near and long term, noted the Home Grown Cereals Authority in its weekly MI Report.

“China and the US signed an agreement opening Chinas market for US exporters last week. This brings China closer to the WTO.”