World exports of rapeseed oil in the first quarter of this year may grow by 13%

Published 2021년 3월 16일

Tridge summary

Experts at Oil World predict a 13% annual increase in global rapeseed oil exports for January-March 2021, largely due to increased shipments from the EU to China. However, global exports may decrease in April-September due to anticipated declines in the supply of old-crop rapeseed and canola seeds in Canada and the EU. Despite potential supply issues, experts anticipate record-level world exports of rapeseed oil by the end of 2020/21 MY, with increased shipments to China, Mexico, and the United States. The strong demand for rapeseed oil has also led to an increase in rapeseed processing margins.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to forecasts of experts from Oil World (Germany), the world export of rapeseed oil in January-March 2021 may increase by 0.2 million tons, or 13% per year, practically only due to a significant increase in shipments of the product from the EU to China. At the same time, already in April-September of this year. Global shipments of rapeseed oil may be reduced due to expected declines in the supply of old-crop rapeseed and canola seeds in Canada and the EU. Nevertheless, in general, by the end of 2020/21 MY, experts predict world exports of rapeseed oil at a record level of 6.1 million tons, with an increase in shipments to China, Mexico and the United States. In addition, analysts note that strong demand ...

Source: Oilworld