Rapeseed is a plant mainly cultivated for its seeds that yield canola and Rapeseed oil. Both varieties have a wide-scale demand in the global market due to their fine impact on human health. The plant belongs to the mustard family, which is an annual crop with long and thin taproots. The leaves are bluish-green and have a smooth surface. It bears flowers containing four petals in spikes and many seeds during the bearing seasons. It contains strong antioxidants that reduce the risk of heart disease and improve eye and skin health. It comprises fatty and oleic acids, which are great sources for maintaining good health.
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Vietnam, India, and Thailand are the key importing countries that import Rapeseed. On the other hand, the key exporting countries for the same are India, Germany, and the United Arab Emirates.
Key Details About the Rapeseed Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rapeseed price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Rapeseed Price trend, including India Rapeseed price, USA Rapeseed price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Rapeseed Price Trend:
Rapeseed is a plant that is the primary source of Rapeseeds which is further pressed and processed to produce Rapeseed oil and canola oil, which has great health benefits. The plant has various industrial applications, including oil production comprising saturated fats, omega-3 fatty acids, and other organic acids such as oleic and linoleic acids.
The oil obtained from the Rapeseed plant is also used as a lubricant in many commercial applications that enhance the products’ performance characteristics. The petroleum industry uses this oil to produce biofuels. i.e., biodiesel, which is a strong alternative to other existing options in the global market. Biodiesel is eco-friendly and non-toxic in nature and has high commercial demand.
Additionally, the seeds are fed to birds and animals, and the residues obtained after processing the seeds are used as fodder for livestock. Rapeseed oil is also used to manufacture soap, margarine, lamp fuel, and many other household products.
Key Players:
- Bunge Limited
News & Recent Development
- Date: March 21, 2023- Russia flashes a temporary ban on the exportation of Rapeseed again after the previous ban ends after a month.
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