# Rapeseed meal price jumps: report  : The Daily Digest

> 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.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: market · region Germany · magnitude low
- Page: https://feedsoft.ai/events/66090-rapeseed-meal-price-jumps-report-the-daily-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- CANMEAL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/rapeseed-meal-price-jumps-report/

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