Global trading platform TridgeGlobal trading platform TridgeGlobal trading platform Tridge
Our Services
Resources
Maximize your business opportunity with our Intelligence & Data Solution. Get started now.

News & Insights

Local News

Europe faces canola shortage

Updated Jun 25, 2021
The Farm to Fork strategy of converting more land to organic production, reducing fertilizer applications by 20 percent and dropping pesticide use by 50 percent is going to wreak havoc on the crop, said the organization. Coceral’s impact assessment concludes that EU rapeseed production will fall to between 7.6 and 13.7 million tonnes by 2030, down from 16.25 million tonnes in 2020. Rapeseed/canola imports will soar to “at least 10 million tonnes” per year, or about double today’s levels. “Good luck finding that,” said MarketsFarm analyst Bruce Burnett. That is the equivalent of Canada’s total forecast export program for 2021-22. With all the new crush plants being built in Canada, the EU would need to source a heck of a lot more canola from the Black Sea region and Australia and they don’t currently produce enough to meet those needs. Burnett said EU rapeseed production is already on the decline due to existing pesticide regulations. “It has made it very, very difficult to produce ...
Everything you love about a trade show, made 24/7
Sponsored by
image

Recommended exhibitors for you

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.