Germany increased sales of rapeseed oil this season
Published Jul 3, 2023
Tridge summary
German oil mills experienced an increase in sales of rapeseed oil to the retail sector and commercial enterprises from July to April 2022/23, with a 7% growth compared to the previous year and an 11% growth compared to two years ago. However, the consumption of rapeseed oil for the food industry decreased by 2% during the same period. Additionally, exports of rapeseed oil from German refineries saw a significant increase, reaching 303.8 thousand tons, which is a 13% increase year-on-year and a 29% increase compared to the same period in 2020/21.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the German Federal Office for Agriculture and Food (BLE), from July to April 2022/23, German oil mills sold about 583.8 thousand tons of rapeseed oil to the retail sector and commercial enterprises, reports UFOP. This is 7% higher compared to the same period in MY 2021/22 and 11% higher than in MY 2020/21. During the same period, 202.2 thousand tons of rapeseed oil were consumed for the needs of the food industry (-2% per year). In addition, according to studies carried out by the Agrarmarkt Informations-Gesellschaft (mbH), foreign trade in rapeseed oil from refineries in ...
Source: Oilworld
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