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AHDB analysis examines how flexible EU rapeseed demand is at high prices. Paris November rapeseed closed at €564.25/t on September 1, well above the prior five-contract average.
Food demand can switch to substitutes such as sunflower oil or palm oil more easily than industrial demand, which makes up most EU rapeseed oil use.
High oilseed prices cause demand destruction in food uses, which limits how far European rapeseed prices can rise.
ahdb.org.ukSep 2, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
