Rapeseed price reaches a record level

Imprimer

On September 16, the price of rapeseed for the production of rapeseed oil passed the €600 per ton mark, compared to €390 a year earlier.

Several phenomena have caused this spectacular rise:

• The low Canadian production, 13 instead of the usual 20 million tons, due to the summer heat dome;
• The high price of palm oil, €916 per ton instead of the usual €500, due in part to its Bangladeshi workforce, absent because of Covid.

Rapeseed oil and palm oil are also under pressure due to a growing demand for biofuel.

Source : Le Monde