The tight rapeseed supply situation in the UK sent local spot market prices soaring. At the same time, lower availability markedly curbed shipments abroad.
The small 2016 rapeseed harvest in the UK, which was down 30 per cent from the previous year, has had noticeable effect. The tight supply situation produced a sharp rise in spot prices. Since the beginning of November, wholesale prices rose by EUR 32 per tonne to, most recently, EUR 428 per tonne for delivery free of all charges. In other words, the premium over the futures quotes increased by EUR 15 per tonne.
Relying
The small 2016 rapeseed harvest in the UK, which was down 30 per cent from the previous year, has had noticeable effect. The tight supply situation produced a sharp rise in spot prices. Since the beginning of November, wholesale prices rose by EUR 32 per tonne to, most recently, EUR 428 per tonne for delivery free of all charges. In other words, the premium over the futures quotes increased by EUR 15 per tonne.
Relying
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