# Rapeseed prices rise sharply: report  : The Daily Digest

> German farmgate rapeseed prices reached just under EUR 380 per tonne, the highest since May 2014, with Paris forward prices above EUR 400 per tonne. The rally was driven by higher soybean prices on Chinese demand, a snow- and rain-hampered Canadian harvest, firm palm oil and crude oil, and a weak euro.

- Date: 2016-11-06 · published 2016-11-06T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/73946-rapeseed-prices-rise-sharply-report-the-daily-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter global oilseed supply and firmer vegetable oil prices lift meal and oil values, while a weak euro boosts EU export competitiveness for rapeseed and its meal.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/rapeseed-prices-rise-sharply-report/

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