European MATIF exchange recorded a strong price movement in the rapeseed market - quotes increased from €471.75 to €481 per week, adding €10 and demonstrating a breakthrough of the upper boundary of the technical channel. Analysts identify a potential target for the movement at €507. This is reported by SPIKE BROKERS.
The price increase is reinforced by powerful macro factors. The new trade agreement between Canada and China has led to a decrease in supplies of Canadian rapeseed meal to the European Union, where Canadian products currently account for 77% of imports. This situation opens a window of opportunity for Ukrainian rapeseed, as European processors have intensified purchases, expecting to strengthen the positions of domestic processing and diversify sources of raw materials.
Despite the fact that rapeseed oil prices FOB Netherlands have fallen to €1,044, losing €6 in a week, demand for physical rapeseed is showing an increase. Particularly active trading is observed on DAP terms towards Germany, where prices fluctuate in the range of €495–515 depending on the oil content in the seeds.
Additional support for prices is provided by the European Commission’s initiative to stimulate biofuel production, which will come into effect from 2027. This policy is expected to lead to an increase in demand for raw materials for processing in the medium term, making current prices attractive for processors to accumulate stocks.
Source: https://agronews.ua/news/yevropejska-birzha-matif-zafiksuvala-potuzhnyj-czinovyj-ruh-na-rynku-ripaku/
