The European Union will double its canola imports by 2030 if the region follows through on its controversial Farm to Fork strategy, says an industry group. Coceral, a European association of grains, oilseeds and pulses traders, believes that strategy will result in reduced EU rapeseed production and increased canola imports.
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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 ...
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