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Rapeseed meal is in high demand
Buoyant demand on nearby positions and prospects for smaller rapeseed crops in Germany and the EU-28 cause rapeseed meal prices to firm. Since prices per protein percentage per tonne of rapeseed meal nevertheless continue to be significantly below the level of soybean meal protein, demand currently focuses on extracted rapeseed meal. According to Agrarmarkt Informations Gesellschaft mbH (AMI), the price spread against soybean protein recently amounted to EUR 1.70 to EUR 1.90 per tonne. Lower fluctuations in price compared to soybean meal make rapeseed meal more attractive to feed millers. Moreover, rapeseed meal is the primary GM-free source of feed. UFOP has observed that the number of dairies that label products as “without GM” is steadily increasing.
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