Tag: rapeseed

Global rapeseed stocks could shrink to six-year low

Global rapeseed stocks could shrink to six-year low

July 14, 2018 |

In Germany, UFOP reports that the current IGC report on global rapeseed supply in 2018/19 expects world rapeseed stocks to see a significant decline. The reason is smaller harvests, especially in the EU-28 and Australia. In its outlook for the 2018/19 marketing year, the International Grain Council (IGC) projects global rapeseed production at 72.1 million […]

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China’s demand for protein could increase rapeseed prices

China’s demand for protein could increase rapeseed prices

July 8, 2018 |

In Germany, UFOP reports that due to the lower harvest estimates for key rapeseed producing countries and prospects of brisk demand from China, asking prices for rapeseed are poised to exceed previous expectations. Prospects of a weaker rapeseed harvest in the EU-28 are gradually having repercussions on prices, leading to firming prices in Paris. Prices […]

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Total to use 10% rapeseed at La Mede biorefinery to appease farmers

Total to use 10% rapeseed at La Mede biorefinery to appease farmers

June 4, 2018 |

In France, Reuters reports that Total plans to appease protesting French farmers by using 50,000 metric tons of rapeseed as feedstock at its La Mede biorefinery, around 10% of the facility’s total production capacity, despite the company’s CEO saying it wasn’t the “most profitable” feedstock for the plant. Original plans were for 100% imported palm […]

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2018/19 global rapeseed consumption could rise to record levels

2018/19 global rapeseed consumption could rise to record levels

May 18, 2018 |

In Germany, UFOP reports that the current USDA report on global rapeseed supply projects hardly any changes for the running season. However, production and consumption are predicted to reach new record levels in 2018/19. In its May forecast, the USDA sees global 2017/18 rapeseed production unchanged from the previous month’s estimate at 74.3 million tonnes, […]

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EU rapeseed imports leveled off

EU rapeseed imports leveled off

May 6, 2018 |

In Germany, UFOP reports that the excessive EU rapeseed imports which previously characterized the marketing year have waned. At the beginning of April, the total volume stood at the previous year’s level. Extensive rapeseed imports from third countries were a major feature of the EU rapeseed market already early in the running marketing year. This […]

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Value of grain and rapeseed declines relative to oil price

Value of grain and rapeseed declines relative to oil price

April 29, 2018 |

In Germany, UFOP reports that trade agreements are exacerbating pressure on prices for grain and rapeseed and that the development of prices for food and feed uses lags behind that of prices for the “fuel value” of these feedstocks. Brent crude oil recently hit the level of 74 US dollar per barrel. This price is […]

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2018 EU rapeseed area increased from previous year

2018 EU rapeseed area increased from previous year

April 15, 2018 |

In Germany, UFOP reports that in the EU-28, an estimated area of 6.8 million hectares is planted with winter rapeseed for the 2018 harvest. This translates to a more than 80,000 ha rise from 2017. The development of rapeseed area is very different in the different EU member states. According to Agrarmarkt Informations-Gesellschaft (mbH), German […]

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German rapeseed oil price falls to lowest in 3.5 years

German rapeseed oil price falls to lowest in 3.5 years

April 7, 2018 |

In Germany, UFOP reports that rapeseed oil prices fell to a multi-year low and weakened considerably, while soybean oil also came down sharply. The reduction of tariff rates on palm oil from Indonesia pushed through at the WTO and the lowered tariff rates on biodiesel from Argentina, which have been applied since September, increasingly weighed […]

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German rapeseed oil exports on the decline

German rapeseed oil exports on the decline

March 23, 2018 |

In Germany, German exports of rapeseed oil in the first half year 2017/18 fell short of the previous year’s level, according to UFOP. Both EU member states and third countries purchased considerably less rapeseed oil than a year earlier. According to information published by the German Federal Statistical Office, German exports of rapeseed oil declined […]

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Oilseed forecasts for 2018/2019 could top last year’s production

Oilseed forecasts for 2018/2019 could top last year’s production

March 11, 2018 |

In Germany, UFOP reports that according to the EU Commission’s first forecasts, the 2018/19 oilseed output in the EU-28 could top last year’s production. The rapeseed crop in particular is estimated higher. In its latest monthly report, the EU Commission pegged the 2018 EU-28 oilseed harvest at 35.5 million tonnes. Consequently, production of rapeseed, sunflower […]

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