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Polish oil mills paid an average PLN 2,508.28/t for rapeseed in the week ending November 1, the highest level since March 2023. Rapeseed meal averaged PLN 1,114.37/t, up 29.1% year over year, while rapeseed prices were up 20.8%.
Higher rapeseed meal prices raise protein-feed costs for livestock producers, while improving returns for oil mills. The figures indicate firmer prices for the reported products, though the story does not establish a new supply shock.
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.