3/3/2021
HAMBURG, March 3 (Reuters) - Soaring prices of rapeseed in
the European Union due to a sharp fall in supplies is likely to
boost EU imports of the oilseed in the first six months of 2021,
Hamburg-based analysts Oil World said on Wednesday.
Paris rapeseed futures on Tuesday hit their highest since
September 2012 on tight European inventories and firm
international oilseed markets.
Stocks in the 27 EU member states of rapeseed/canola, used
for edible oil and biodiesel production, fell to an estimated
8.7 million tonnes in early January 2021 from 9.1 million in
January 2020 and 10.7 million in January 2019, Oil World CEO
Thomas Mielke told Reuters.