Despite recent support for UK oilseed rape prices, the future is still uncertain. Support for prices came as the pound reached three-year lows following the EU referendum and the announcement this week on a possible Brexit timeline. Emerging supply and demand deficits in the EU and UK have also buoyed oilseed rape prices.

However, lower oilseed rape yields this year are likely to mean that, despite some improvements in price, returns for UK growers may well be less than hoped.

Jack Watts, AHDB Lead Analyst, said: “At next week’s Grain Market Outlook Conference, Strátegie Grains/Tallage Market Analyst Christophe Cogny will untangle the complexity of the global oilseed market to reveal what lies ahead for the European oilseed rape market.

“The UK oilseed rape market is highly integrated with the EU market and this is likely to be the case for the foreseeable future.”

The oilseed rape market in the UK is also feeling the impact of the soya bean market, from harvest progress in the US to the approaching South American growing season.

Samuel Ferreira Balieiro from Agri Benchmark will also be on hand at the conference to give more analysis of global oilseed competitiveness.

The Grain Market Outlook Conference is on 12 October at the Grange Tower Bridge Hotel in London.

Book now