German rapeseed meal exports sharply declining

07/28/2022 | 11:37:00 | ID: 33708 | Department: Agriculture | agricultural economics Berlin (agrar-PR) - Germany's rapeseed meal exports missed the record volume of the same period last year by 22%. Main customers such as the Netherlands, Spain and France imported significantly less, while Denmark, Finland and Switzerland ordered more extensively. Overall, according to the Federal Statistical Office of From July 2021 to May 2022, a good 1.5 million tonnes of rapeseed meal were exported, around 22% less than in the same period last year. It's the smallest amount in 3 years. On the one hand, this was due to the lower availability. In the period mentioned, German oil mills produced around 5.5% less, at 4.8 million t, which limited the export potential. On the other hand, the comparatively high market prices slowed down the interest in buying from abroad. From October 2021 to May 2022, the protein in rapeseed meal was more expensive or the same price as protein from GMO soy meal. In ...