The European market is oversaturated with rapeseed, imports have decreased by 40%

A significant part of the demand of European buyers for rape is concentrated in January-March. The saturation of the European market with rapeseed is confirmed by the continuation of the trend of decreasing imports; in October, imports were 48% less compared to last year for the same period, SPIKE BROKERS analysts note. Follow the news in a convenient format: Follow us on Twitter According to the data, the latest indications of buyers are: In October, Ukraine exported 299,000 tons of rapeseed, in September this figure was 420,000 tons for the same period. According to the United States Department of Agriculture, the Asian giant bought about 5.1 million tons of oilseeds, although in January it was forecast in the range of 2.5 million tons, The Western Producer reports. Rape prices have fallen by €40 over the past two weeks due to the saturation of the European market with rape, according to SPIKE BROKERS analysts. In 2023, a significant increase in rapeseed processing was favorable ...