European Organic Grain Prices Surge

European Organic Grain Prices Surge

 

The European organic market has exploded. Many of the countries in the EU were primarily self-sufficient but imported products from Ukraine and China. Romania and Poland are EU countries that export corn to Western areas of the EU. The starkest rally has been in organic sunflower oil, which has more than doubled and is currently trading at €2,000 per metric ton. Organic soybean oil has also rallied now, trading at €1,650 per metric ton, about $0.83 per pound.  

Organic corn prices across the pond have also exploded. Organic corn in Romania is now quoted at €400 FOB Constanta. The increase in transportation rates put the price near €500 delivered to most EU locations experiencing demand. Some merchandisers have told Fastmarkets/The Jacobsen that elevated conventional prices attract organic grains into the traditional market. This phenomenon has reduced organic grain trading activity.

Organic soybean meal, which has been depressed by large quantities…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden
  • Hidden

*all fields required

More from the author

05.19.2021

Organic Soybean Prices Rise as Demand Remains Positive

04.29.2021

Organic Poultry Demand Remains Strong

04.22.2021

Organic Soybean Meal Anti-Dumping Case Dates Reported

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets