THE MARKET for oilseed rape in Europe is set to remain strong for at least the next two years, according to the latest analysts’ outlook from Monsanto.

It says that biodiesel demand, competition for vegetable oil markets and rising oil prices will help put a bottom on the market for the crop.
“Our global analysis suggests we are most unlikely to see the stratospheric rapeseed oil prices of 2007/8 again for the foreseeable future,” says the company’s European oilseeds marketing lead, Maya Draganova.
“At the same time, exchange rates and weather-related planting and harvest reports from around the world, not to mention economic forecasts, will continue to make short-term pricing volatile.