Global exports of rapeseed in 2023/24 decreased

The slow sale of rapeseed by farmers in key exporting countries has led to a reduction in global oilseed exports. Thus, in the current season, a significant part of farmers in Australia, Canada and European countries refocused on growing grains to cover immediate financial needs and preferred to maintain reserves of rapeseed, hoping for its sale at higher prices in the second half of the 2023/24 MY. Thus, according to Oil World (Germany) estimates, the volume of global rapeseed exports in 2023/24 MY may amount to 18.1 million tons, which will be inferior to the result of the previous season (18.44 million tons). At the same time, total shipments of oilseeds from Australia, Canada and Ukraine, which together provide about 90% of global rapeseed exports in the last 5 seasons, in July-October of this year. by 0.7 million tons higher than in the same period last year. At the same time, rapeseed exports from Australia and Canada increased by 0.7 million ...