Less rapeseed in the world, according to a USDA report

The October report of the US Department of Agriculture summarized the global oil market, including rapeseed. Estimates indicate that there will be less of it in the world. This is 87.4 million tons. This is a slightly lower result than in the two previous years (88.90 million tons in 2022/2023 and 89.33 million tons in 2023/2024). Traditionally, the most rapeseed was harvested in Canada (20 million tons). Second place is occupied by the EU (17.5 million tons). Canada is also the largest exporter of rapeseed in the world (7.4 million tons), and the EU its largest importer (6.7 million tons). The third largest player in the rapeseed market is China. It produces 15.8 million tons, which are all used for the needs of this country. To meet their needs, they must rely on imports of 3.4 million tonnes. The fourth largest producer of rapeseed is India with 12.1 million tonnes. And here – similarly to China – almost all of the seeds go for domestic consumption. When analysing the oil ...