World exports of rapeseed meal reached a record 7.4 million tons in MY 2022/23

According to Oil World (Germany), in April-June this year. world export of rapeseed meal amounted to 2.47 million tons, which is 15% higher than the result of the corresponding period of the previous year. Thus, the total export of the product since the beginning of MY 2022/23 has reached a record 7.4 million tons (+28% to the level in October-June 2021/22 MY). The main increase in the pace of shipments was noted in Canada - the export of rapeseed meal recovered sharply after an unusually low level last year to 4 million tons (+0.6 million tons) in October-June of the current season. India also increased exports (by 0.5 million tons), Russia (+0.4 million tons) and the EU-27 (+0.1 million tons). However, experts note that in recent months, the volume of global consumption of the product has decreased, which has led to an excess of rapeseed meal, limiting the processing margin and ...