Oilseeds and Vegetable Oils
Rapeseed & Rapeseed Oil
670
630
590
550
510
470
430
390
350
Dec 19 Mar 20 Jun 20 Sep 21 Dec 21
Rapeseed Euronext - EUR/MT
Sep 20 Dec 20 Mar 21 Jun 21
RSSP - Rapeseed '00' Euronext Paris (DH-3)
Expectations of reduced demand, due to concerns about surging cases of the Omicron variant,
caused the European rapeseed price to decline slightly in December. The average price of Euronext
rapeseed was EUR 676/MT in December, up 70% y-o-y but down 1.8% m-o-m.
Continued expectations of poor supply for the 2021/22 MY caused Canadian rapeseed prices to climb
in December, despite the emergence of the Omicron variant and a downward trend in prices of most
oilseeds. The December average price of Canadian rapeseed was recorded at CAD 996/MT, up 65%
y-o-y and 1.8% m-o-m.
400
500
600
700
800
900
1000
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Rapeseed Canada - CAD/MT
Sep 20 Dec 20 Mar 21
RSS1 - Rapeseed ICE CA (DH-3)
1,550
1,450
1,350
1,250
1,150
1,050
950
850
750
650
Dec 19 Mar 20 Jun 20 Sep 21 Dec 21
Rapeseed Oil EU - EUR/MT
Sep 20 Dec 20 Mar 21 Jun 21
RSOR - Rapeseed oil fob R'dam (MBP) (DH-3)
The EU rapeseed oil market deviated from the trend in the EU rapeseed market, rising slightly in
December as demand picked up in line with increased demand for its use as a favourable vegetable
oil for blending biofuels in the EU. The average price of EU rapeseed oil was up 78.8% y-o-y and 1.2%
m-o-m, at EUR 1,520/MT.
800
1,030
1,260
1,490
1,720
1,950
2,180
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Rapeseed Oil Canada - CAD/MT
Sep 20 Dec 20 Mar 21
LU25 - Rapeseed oil crude CA
Canadian rapeseed oil prices, however, fell marginally in December, due to reduced export driven by
smaller crush volume and lower extraction rates. The December average price of Canadian rapeseed
oil was up 47% y-o-y but down 1.7% m-o-m, at CAD 2,128/MT.
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