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UFOP reports German wholesale rapeseed meal asking prices have risen about 21% since early February 2018, reaching roughly EUR 247 per tonne ex works, the highest in almost three years. Supply is tight, with only four of ten mills offering spot material while compound feed demand grows.
Rapeseed meal's rally narrows its price discount to GMO-free soybean meal, which may shift feed formulators toward soymeal and support European protein prices.
biofuelsdigest.comJim LaneMar 29, 2018Not enough comparable past events yet for a historical read.
Not 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.
