# Price spikes lead UFOP to call for intensified research on rapeseed, grain legumes

> German spot prices for rapeseed meal and GMO-free soybean meal rose sharply in the second half of 2020, with GMO-free soymeal up 146 euros per ton to 602 euros FOB Hamburg since July. The increase followed Chicago rallies driven by South American drought concerns, tighter Argentine and Brazilian supplies, and heavy Chinese buying.

- Date: 2021-01-14 · published 2021-01-14T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/49251-price-spikes-lead-ufop-to-call-for-intensified-research-on-rapeseed-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher soymeal benchmarks lift the price of competing protein feeds like rapeseed meal, which gained competitive standing against GMO-free soymeal. Buyers face higher protein costs and may shift to rapeseed meal.

## Read by commodity

- SBM: bullish ▲
- CANMEAL: bullish ▲

## Sources

- biobased-diesel.com: https://www.biobased-diesel.com/post/price-spikes-lead-ufop-to-call-for-intensified-research-on-rapeseed-grain-legumes

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.