Global rapeseed supply remains tight
The US Department of Agriculture (USDA) expects increases in rapeseed harvests for the most important rapeseed-producing countries this year.
According to an initial USDA assessment, the supply situation in the global rapeseed market will likely remain tense in the 2021/22 marketing year.
Rapeseed output is anticipated to increase 2.5% to 73.2 million tonnes. However, global rapeseed consumption is expected to rise at the same time, by 0.5% to 73.5 million tonnes.
Harvest increases in the 2021/22 season are mainly based on demand in Canada and the EU-27. The USDA estimates rapeseed output in Canada at around 20.5 million tonnes, up 1.5 million tonnes from the previous year.
The rapeseed crop in the EU-27 is estimated at 16.6 million tonnes, which would be up 0.4 tonnes on 2020.
Globally, Ukraine is a comparatively small producer of rapeseed, but with the harvest expected to amount to approximately 3 million tonnes, the country is a major supplier to the EU-27.
Agrarmarkt Informations-GmbH presumes that the level of rapeseed output and rapeseed availability for export in Canada and Ukraine will be of key importance for the EU-27 to supplement its own production in the 2021/22 season.
Eventually, EU rapeseed supply could be slightly more adequate than it is in the 2020/21 marketing year because of the harvest increases in the EU and presumably larger import potential from Ukraine and Canada.
According to an initial USDA assessment, the supply situation in the global rapeseed market will likely remain tense in the 2021/22 marketing year.
Rapeseed output is anticipated to increase 2.5% to 73.2 million tonnes. However, global rapeseed consumption is expected to rise at the same time, by 0.5% to 73.5 million tonnes.
Harvest increases in the 2021/22 season are mainly based on demand in Canada and the EU-27. The USDA estimates rapeseed output in Canada at around 20.5 million tonnes, up 1.5 million tonnes from the previous year.
The rapeseed crop in the EU-27 is estimated at 16.6 million tonnes, which would be up 0.4 tonnes on 2020.
Globally, Ukraine is a comparatively small producer of rapeseed, but with the harvest expected to amount to approximately 3 million tonnes, the country is a major supplier to the EU-27.
Agrarmarkt Informations-GmbH presumes that the level of rapeseed output and rapeseed availability for export in Canada and Ukraine will be of key importance for the EU-27 to supplement its own production in the 2021/22 season.
Eventually, EU rapeseed supply could be slightly more adequate than it is in the 2020/21 marketing year because of the harvest increases in the EU and presumably larger import potential from Ukraine and Canada.
Loading ...
