Estimates for European Union rapeseed imports keep on rising.
The US Department of Agriculture earlier this week raised its forecast for purchases in 2019-20 by 800,000 tonnes to 6.0m tonnes, citing a “high volume of trade”. Agrimoney’s Live table on EU rapeseed for 2019-20 is available here.
As of this week, with nearly one-quarter of the season to go, EU imports had reached 4.33m tonnes, up 41% year on year.
With Ukraine export supplies running low, the EU is turning for an increasing proportion of its needs to Canada, from which it has now bought 1.17m tonnes.
It may be just as well for European buyers that Canada, the top exporter of rapeseed variant canola, has seen trade with its usual top customer, China, dry up amid a trade spat.
For calendar 2019, EU rapeseed imports from Canada tripled to 1.3m tonne, in a happy coincidence of an importer with a growing need, and a seller with a big void on its export roster.
Other live tables updated on Thursday include: