Rapeseed maintains price edge over soymeal in EU markets: UFOP
In Germany, UFOP reports that due to the stability seen in the past weeks’ rapeseed meal prices, rapeseed meal for use in compound feeds continued to have a price edge over soybean meal. The cost of GMO-free soybean meal was still clearly higher despite the current downward price trend.
The trade association reported: German rapeseed and soybean meal prices ex oil mill have moved little over the past few weeks. Since the beginning of December, prices asked for rapeseed meal have hovered around EUR 197 per tonne. Consequently, the price level is only slightly higher than in the same period a year ago (up EUR 5 per tonne). Soybean meal was valued at on average EUR 348 per tonne, up EUR 37 per tonne more than a year earlier. These small fluctuations in price hardly affected the price advantage of rapeseed meal over soybean meal. Over the past five weeks, savings amounted to on average EUR 1.86 per protein percentage, Agrarmarkt Informations-Gesellschaft mbH reported. Demand for rapeseed meal in compound feeds saw a slight decline in the wake of the overall decrease in compound feed production. By contrast, the use of soybean meal in compound feeds slumped by around 15 per cent.
Category: Fuels
