Update June 2010Uncertain trends in the vegetable oil market... Vegetable oil markets are much influenced by the firmer dollar/euro exchange. The trend of the last weeks was very uncertain due to financial situation in the euro zone. The result is that prices in euros advanced quite a bit. The stronger demand for the biodiesel keeps prices steady and it seems that several countries will increase the biodiesel production in order to import less mineral oil. For Rapeseed Oil we are running to the end of the crop season and the availability of the seeds is limited. This has resulted in premiums for delivery up to August.
The coming weeks will be influenced by plantings in the
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