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Oilseeds and Vegetable Oils
Rapeseed & Rapeseed Oil
7 Rapeseed Euronext - EUR/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
340
390
440
490
540
RSSP - Rapeseed '00' Euronext Paris (DH-3)
Firm global biofuel demand, in line with economic recovery from COVID-19, has exacerbated tight supply issues in
the European rapeseed market. Firm prices prompted farmers to sell available crops earlier than usual in 2021,
further reducing supplies for this year. The May average price of Euronext rapeseed was recorded at EUR 528/MT,
up 42% y-o-y and 10% m-o-m.
Coronavirus-related weakness in the wider vegetable oil complex, and market participants delaying purchases to
take advantage of supply from the upcoming marketing year caused the Canadian rapeseed market to weaken in
May. The May average price of Canadian rapeseed was recorded at CAD 725/MT, this is up 53% y-o-y but down
7% m-o-m.
Rapeseed Canada - CAD/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
420
510
600
690
780
RSS1 - Rapeseed ICE CA (DH-3)
Rapeseed Oil EU - EUR/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21 May 21
630
770
910
1,050
1,190
RSOR - Rapeseed oil fob R'dam (MBP) (DH-3)
Firm global biofuel demand, in line with economic recovery from COVID-19, has worsened tight supply issues in
the European rapeseed oil market. The May average price of EU rapeseed oil was up 55% y-o-y and 2% m-o-m,
at EUR 1,134/MT .
Rapeseed Oil Canada - CAD/MT
Jan 19 May 19 Sep 19 Jan 20 May 20 Sep 20 Jan 21
800
1,030
1,260
1,490
1,720
1,950
2,180
LU25 - Rapeseed oil crude CA
Weak Canadian supply and firm global demand, in line with economic recovery on the back of positive vaccine
sentiment, have caused Canadian rapeseed oil prices to continue rising. The market rallied alongside the bullish
run seen in the biofuel and crude oil markets, due to spillover demand, particularly as other vegetable oils became
less price competitive. The May average price of Canadian rapeseed oil was up 108% y-o-y and 4% m-o-m, at
CAD 2,013/MT .