Rapeseed keeps sliding

By FWi staff

UK oilseed rape prices have continued last weeks downward movement, falling £2/t as little interest was shown from the crushers.

Ex-farm rapeseed has fallen £2 to about £124/t, while harvest values weakened dropped £3 at £112/t.

Lower meal and oil prices have kept crush margins down following last weeks lows, resulting in the lower demand from crushers.

Falling global and EU oilseed markets have put continued pressure on domestic values, and firmer Sterling against the Euro is also a factor, said a spokesman from the Home-Grown Cereals Authority (HGCA).

US soyabean futures are also down on the back of lower-than-expected weekly exports, increased fund selling activity and improved planting conditions.

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