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  • How did rapeseed oil market perform in Q1?
  • The European market also saw sustained demand from the biofuel sector, which supported rapeseed oil consumption. Towards the end of Q1, expectations of a strong soybean harvest in South America exerted downward pressure on oilseed prices, slightly reducing rapeseed oil prices.
  • How did the rapeseed oil market perform in 2023?
  • Rapeseed Oil prices exhibited bearish market sentiments throughout the first half of the year 2023. A depreciation of about 31% was observed within the first six months in the Chinese Rapeseed Oil market. The average spot prices went from about 1738 USD/MT in January’23 to around 1196 USD/MT in June’23.
  • Why did rapeseed oil prices drop in Q4?
  • In the European region, rapeseed oil prices showed a downward trend during the first half of Q4, driven by uneven domestic production and rising imports. The European Union's rapeseed production was significantly impacted by unfavorable weather conditions, leading to lower yields.
  • What is the price of rapeseed oil in India?
  • The price of rapeseed oil in India was around 1105 USD/MT (FOB) in October and 1115 USD/MT in November. Europe In the European region, rapeseed oil prices showed a downward trend during the first half of Q4, driven by uneven domestic production and rising imports.
  • Is rapeseed oil a bearish market trend?
  • The average monthly rapeseed oil prices in the Chinese market dropped from about 1354 USD/MT at the beginning of the third quarter of 2023 to around 1289 USD/MT by the end of it. So, bearish market trend were witnessed. Europe The European rapeseed oil market, too, remained downward swinging during the three-month span of Q3’23.
  • Why did the Chinese rapeseed oil market depreciate?
  • A depreciation of about 31% was observed within the first six months in the Chinese Rapeseed Oil market. The average spot prices went from about 1738 USD/MT in January’23 to around 1196 USD/MT in June’23. This fall in prices was majorly attributed to the increased rapeseed harvest in the producing countries like Canada and Germany.