Reduced domestic supply will increase EU dependence on imported rapeseed

03/05/2021 EU countries can significantly increase rapeseed imports in the first half of this year. against the background of a significant reduction in domestic supply of oilseeds and rapidly growing prices for it in the European market, Reuters reports, citing data from Oil World. As of the beginning of January of this year. stocks of rapeseed in the EU amounted to only 8.7 million tons against 9.1 million tons a year earlier and 10.7 million tons in January 2019.The decrease in this indicator is due to the high margins of oilseed processing in the EU, against which the processing of crops increased significantly in October -December 2020 and is likely to remain at a high level in the first quarter of 2021, which is also supported by good Chinese demand for European rapeseed oil. Oil World analysts predict the growth of rapeseed imports in the EU to a record 6.55 million tons in 2020/21 MY against 6.08 million tons last season. In particular, 2.25 million tons of oilseed will be ...