EU reduces exports of rapeseed oil

According to Oil World estimates, if in July the export of rapeseed oil was estimated at 47 thousand tons versus 17 thousand tons in the same period last year, in the past few weeks the volume of weekly shipments has decreased to about 4 thousand tons. At the same time, the EU countries began to increase imports of this product, mainly from the CIS countries, which is why in July-September the EU is a net importer of rapeseed oil. It is also noted that the normalization of demand for the product in the EU from the biofuel industry, combined with a seasonal decrease in the domestic supply of rapeseed, leads to a decrease in the export potential of European rapeseed oil, and also contributes to an increase in its imports. According to ...