The European Union has processed a record 12.8 million tons of canola in the first half of the 2023-2024 agricultural season, marking an increase of 650,000 tons from the same period last season, as per market analysis firm Oil World. The most significant increases were observed in Germany and Poland, while France and the Netherlands experienced a decrease. However, Oil World anticipates a seasonal decline in processed quantities to 11.9-12 million tons in the season's second half due to a shrinking supply of the oilseed crop and anticipated insufficient imports, primarily from Australia.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Quantities of processed canola in the European Union in the first half of the current agricultural season, which began on July 1, 2023, reached a record level of 12.8 million tons, increasing by 650 thousand tons compared to the same period last season, estimates show of the authoritative German company for market analysis and forecasts Oil World, cited by the electronic publication APK-Inform. The largest increase in processed quantities of rapeseed was seen in Germany (with 420 thousand tons) and Poland (with 140 thousand tons), while in France and the Netherlands a contraction of processing was recorded. The growth of processing also contributed to the strong result of the half-year to record levels of 6.67 million tons in the October-December period, which is 200 thousand tons more than the same period of the 2022-2023 agricultural season. At the same time, preliminary assessments by the company's experts indicate that in the second half ...
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.