Rapeseed is a plant variety that provides seeds that are commercially obtained to process and attain Rapeseed oil. It is one of the healthiest options available and consumed globally. It is a plant variety belonging to the mustard family with long and thin taproots. The leaves are bluish green in colour and have a smooth and shiny surface. It bears flowers with numerous seeds in the bearing seasons and is hence, cultivated on a large scale.
The oil obtained from the plant is utilized in various commercial activities, primarily in the culinary and cooking sectors. It is a good lubricative that is used in the manufacturing processes of petroleum products on a large scale. The oil obtained has great health benefits. It is preferred as an edible oil, as it helps maintain good heart health and improves eyesight.
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Vietnam, India, and Thailand are the key importing countries that import Rapeseed. On the other hand, the key exporting countries include 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 chart, 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 seed variety obtained from the Rapeseed plant and then pressed and processed to produce oil, which has great health benefits. The oil that is extracted from the seeds is of two types with very minute differences but is marketed separately and is known as Rapeseed oil and canola oil. The oil is one of the most traditional vegetable oils used for cooking and culinary activities, and it comprises saturated fats, omega-3 fatty acids, and other organic compounds such as linoleic and oleic acids.
Moreover, the petroleum industry uses oil to manufacture large-scale biofuels that are environmentally friendly and non-toxic in nature. It is a highly beneficial plant that produces healthy seeds, which are used to feed livestock and birds, that boost their immunity, and provide them with various essential nutrients. Rapeseed oil makes soaps, lamp fuel, margarine, and other oil-based products globally.
Key Players:
- Bunge Limited
News & Recent Development
- Date: March 21, 2023– Russia has announced another temporary ban on the exports of Rapeseed soon after the previous one ends.
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