Rapeseed selling dries up
By FWi staff
INCREASED farmer selling last week has eased with little trading seen over this week. Traders believe this reluctance will now continue until Christmas.
Some nearby crusher demand was reported during last week, although interest in forward positions was limited, since large volumes are expected in the new year, noted the Home-Grown Cereals Authority in its weekly report.
Oilseed prices have remained stable over the week, with the high value of the Pound preventing prices from rising further from their recent gains.
Spot ex-farm values inched up to about £106.98/t ex-farm, while the price variation in December deliveries has increased. East Anglia is offering £114.50/t, Liverpool £117.50/t and Erith £116.50/t.
Deliveries made to Scottish ports are behind at £108/t.
EU values were supported by from a recent Indian purchase of EU rape oil.
“However, the quantity sold was too small to significantly reduce the large oil stocks currently stored in Rotterdam,” noted the HGCA.