EU rapeseed imports up 40% on previous year

Annual EU-27 rapeseed imports have significantly exceeded year-earlier levels. The EU-27 imported just less than 1.7 million tonnes of rapeseed in the first 14 weeks of the 2022/23 season. 

This translated to a full 40% rise over past marketing year. Compared to the 2020/21 season, the volume is slightly smaller by around 1.5%.

Naturally, the main reason for the fluctuations in import volumes is availability in the world market, along with European rapeseed supply.
According to investigations conducted by Agrarmarkt Informations-Gesellschaft, the European rapeseed crop will presumably amount to 18.8 million tonnes in the current marketing year. 
This is up just less than 11% year-on-year.
However, total demand from oil mills in the EU amounts to around 23.3 million tonnes. For this reason, the EU Commission estimates the need for imports from third countries at 4.5 million tonnes, which would be 1.1 million tonnes fewer than 2021/22.