EU imports of rapeseed have increased by 1/3 this season

Published Jun 30, 2023

Tridge summary

In the 2022/2023 season, European Union countries imported 7.33 million tons of rapeseed, a 34% increase compared to the previous season. However, there was a decrease in the import of soybeans and soybean meal, with soybeans decreasing by 11% and soybean meal decreasing by 4%. Palm oil imports also fell by 19%. Due to good harvest forecasts, it is expected that the share of imported rapeseed on the EU market will decrease in the coming season.

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

Original content

European Union countries imported 7.33 million tons of rapeseed in the 2022/2023 season compared to 5.46 million tons in the 2021/2022 season. However, less soybeans and soybean meal were imported. Rapeseed imports increased by 34% year on year. Not so with soybeans; In 2018, it was imported in the amount of 12.84 million tons compared to 14.46 million tons last season. This means a decrease of 11%. In turn, according to the European Commission, 15.62 million tons of soybean meal went to EU countries, compared to 16.22 million tons in the 2021/2022 season. This means a decrease of 4%. Palm oil imports fell by 19%, from 4.88 million tons to 3.94 ...

Source: Wrp