Declining rapeseed demand for biofuel production?
The EU-27 plus the UK imported around 2.1 million tonnes of rapeseed in the first four months of the 2020/21 season.
This was a 24% decline compared to the same period last year, but approximately 34% more than in 2018/19.
The fluctuations were due to the rapeseed harvest volumes. In the crop year 2019/20, rapeseed production in the EU-27 plus UK was just under 15% smaller than 2018/19.
Larger imports from third countries were required in 2019/20 to cover European consumption requirements despite the small harvest.
According to Agrarmarkt Informations-Gesellschaft, the situation is different in the current crop year.
Although EU-27 plus UK rapeseed output in 2020 decreased slightly further on the year (down 1%), imports have previously been smaller than a year earlier.
This could be linked to declining demand for rapeseed oil for biodiesel production. Alongside generally smaller imports, there have been significant changes in trade flows. Most imports for this crop year came from Ukraine, as they did the previous year, but imports dropped 33%.
This trend was attributable to considerable harvest declines and smaller supply from Ukraine.
The gap has partly been filled by imports from Canada. The country has supplied around 36% more so far this crop year than it did in 2019/20.
This was a 24% decline compared to the same period last year, but approximately 34% more than in 2018/19.
The fluctuations were due to the rapeseed harvest volumes. In the crop year 2019/20, rapeseed production in the EU-27 plus UK was just under 15% smaller than 2018/19.
Larger imports from third countries were required in 2019/20 to cover European consumption requirements despite the small harvest.
According to Agrarmarkt Informations-Gesellschaft, the situation is different in the current crop year.
Although EU-27 plus UK rapeseed output in 2020 decreased slightly further on the year (down 1%), imports have previously been smaller than a year earlier.
This could be linked to declining demand for rapeseed oil for biodiesel production. Alongside generally smaller imports, there have been significant changes in trade flows. Most imports for this crop year came from Ukraine, as they did the previous year, but imports dropped 33%.
This trend was attributable to considerable harvest declines and smaller supply from Ukraine.
The gap has partly been filled by imports from Canada. The country has supplied around 36% more so far this crop year than it did in 2019/20.
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