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Continuing weaker sterling supports UK prices

Date Added: 05/02/2016

By Owen Cligg, Trading Manager, United Oilseeds

 UK oilseed rape prices continue to be supported by a weaker sterling which has traded below £1=€1.30 this week.

This has allowed £260 ex farm in many areas of England for March onwards. Crushers seem well covered for February but a continuing export interest means that crushers are complaining about crush margins being poor going further forward.

New crop prices are still supported at £250 ex farm, but at present there is little activity.

 

Regards,

 

Owen

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