Increased rapeseed production reduces import demand
The EU-27 rapeseed production in 2021/22 exceeded the previous year's output.
Consumption is estimated to be lower, leading to reduced import demand.
According to information published by the EU Commission, the rapeseed harvest in the EU-27 was slightly larger in 2021 than in 2019.
It has been pegged at 17 million tonnes, which translates to a rise of just less than 340,000 tonnes compared to 2020.
According to investigations conducted by Agrarmarkt Informations-Gesellschaft, the climb is a result of harvest increases, especially in Romania. Bulgaria, Denmark, Lithuania and Poland also recorded a rise.
The harvest increases more than offset production declines in other member states. Nevertheless, the result is once again below average.
Demand from oil mills in the EU-27 in 2021/22 is estimated at 21.8 million tonnes, which translates to a decline of 6.3% year-on-year.
The slightly higher output and lower demand will likely cause the gap between production and processing to narrow somewhat in 2021/22.
A year earlier, European production covered just less than 72% of EU processing, but there were significant differences between member states. In 2021/22, EU rapeseed will presumably cover about 78%.
For this reason, the EU Commission expects that compared to the previous crop year, less rapeseed will have to be purchased from third countries. Imports are estimated at 4.9 million tonnes, which would be a 15% drop.
EU ending stocks are likely to remain unchanged from the previous year at the low level of 0.5 million tonnes.
Consumption is estimated to be lower, leading to reduced import demand.
According to information published by the EU Commission, the rapeseed harvest in the EU-27 was slightly larger in 2021 than in 2019.
It has been pegged at 17 million tonnes, which translates to a rise of just less than 340,000 tonnes compared to 2020.
According to investigations conducted by Agrarmarkt Informations-Gesellschaft, the climb is a result of harvest increases, especially in Romania. Bulgaria, Denmark, Lithuania and Poland also recorded a rise.
The harvest increases more than offset production declines in other member states. Nevertheless, the result is once again below average.
Demand from oil mills in the EU-27 in 2021/22 is estimated at 21.8 million tonnes, which translates to a decline of 6.3% year-on-year.
The slightly higher output and lower demand will likely cause the gap between production and processing to narrow somewhat in 2021/22.
A year earlier, European production covered just less than 72% of EU processing, but there were significant differences between member states. In 2021/22, EU rapeseed will presumably cover about 78%.
For this reason, the EU Commission expects that compared to the previous crop year, less rapeseed will have to be purchased from third countries. Imports are estimated at 4.9 million tonnes, which would be a 15% drop.
EU ending stocks are likely to remain unchanged from the previous year at the low level of 0.5 million tonnes.
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