Rapeseed stocks continue to slide in 2016/17

Berlin, (PresseBox) - Global demand for rapeseed is likely to exceed supply in 2016/17, as it did in 2015/16. Consequently, supplies could continue their slide, opening room for price increases in the long term.

USDA currently estimates the 2016/17 global rapeseed production at 66.5 million tonnes, down just under 1.7 million tonnes from the previous year. Harvests in the top producing countries – Canada, China and the European Union – are expected to drop. China is projected to see the largest reduction in output, by around 7 per cent, to 13.3 million tonnes. At the same time, the USDA forecast puts the amount of rapeseed used in processing at 64.8 million tonnes. This figure is down from the previous year, but continues to be large. As at the end of the marketing year, global ending stocks could amount to around 3.7 million tonnes. This would translate to a 13-year low.

UFOP - Union zur Förderung von Oel- und Proteinpflanzen e.V.

The Union for the Promotion of Oil and Protein Plants e. V. (UFOP) represents the political interests of companies, associations and institutions involved in the production, processing and marketing of domestic oil and protein plants in national and international bodies. UFOP supports research to optimise agricultural production and for the development of new recycling opportunities in the food, non-food and feed sectors. UFOP public relations aim to promote the marketing of domestic oil and protein plant end products.

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