UFOP-Market Information Oilseeds and Biofuels

Edition October 2024

Oilseeds

+++ Rapeseed prices rose further although trading was slow+++Producers waited for further price increases; oil mills already covered most of their needs with imported material. +++

Oilseed meals and oilcakes


+++ Rapeseed meal prices strengthened over the month+++Soybean meal fluctuated; debate about EU Deforestation Regulation flared up. +++

Vegetable oils

+++ Trade in rapeseed oil was quiet, some of the abundant supply could be exported.+++Palm oil prices temporarily climbed to 25-month high. +++

Fuels


+++Biodiesel market remained at a standstill; producers subject to quota obligations are likely to comply by the end of the year by carrying GHG quotas over.+++Crude oil prices firmed in the wake of the developments in the Mid- dle East. +++