UFOP-Market Information Oilseeds and Biofuels

Edition May 2023

Oilseeds
+++ Ex-farm prices of rapeseed declined, plummeting to below the level of 2020/21 and with old and new crop at the same level +++ Trading on the rapeseed market was quite limited +++ US soybeans were in decline, favourable seeding conditions in the US production regions +++

Oilseed meals and oilcakes

+++ Rapeseed meal prices came under downward pressure as demand dwindled +++ April soybean meal prices declined, impacted by ample supply +++

Vegetable oils
+++
 Rapeseed oil recently fell to below EUR 900 per tonne +++ Palm oil was below previous month's mark on pressure from low export volume +++

Fuels

+++ Trading in the biodiesel market continued to be low; focus was on debate about crediting advanced biofuels +++ Crude oil prices waned despite prospects of smaller supply +++