Germany: Rapeseed oil exports reach record level

Published 2021년 12월 13일

Tridge summary

German rapeseed oil exports have reached a new record in the 2020/21 marketing year, surpassing the peak of 2016/17. The Netherlands was the largest recipient, followed by Belgium, Denmark, France, and Norway. The Union for the Promotion of Oil and Protein Plants e.V. (UFOP) attributes the increased exports to the lower availability of rapeseed and rapeseed oil in Europe due to reduced harvest volumes. The biodiesel industry is the main consumer of rapeseed oil. UFOP recommends cultivating sunflowers to address the raw material supply issue.

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Original content

12/13/2021 | 11:21:00 | ID: 31765 | Department: Agriculture | agricultural economics Berlin (agrar-PR) - German rapeseed oil exports reached a new record in the marketing year, leaving the peak of 2016/17 behind. German rapeseed oil exports rose again in 2020/21, after they rose in 2017/18 and 2018/19 had decreased significantly. With a total export of 1.3 million t, the peak level of the 2016/17 marketing year was exceeded when over 1.2 million t of rapeseed oil were exported. Compared to the previous marketing year, this corresponds to an increase of 36%. By far the largest recipient for rapeseed oil in 2020/21 was the Netherlands, the central hub for world trade in raw materials. This was followed by Belgium, Denmark, France and Norway as the most important target countries for German rapeseed oil. Belgium bought around 102,600 t from Germany (+ 8%), Denmark 57,300 t (- 6%). More was delivered to France than in the previous marketing year. With 54,700 t (+ 10%), our neighboring ...

Source: Agrar