Rapeseed Canada to Harvest Less Canola - Forecast

In August, the EU Increased the Volume of Processing of Rapeseed and Sunflower

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The European Vegetable Oil Association (FEDIOL) estimates that about 1.8 million tonnes of rapeseed were processed in EU oil mills in August, about 60% higher than in July 2022 and 8% more than recorded in August 2021.

As for soybeans, the enterprises processed about 1 million tons of oilseed, which is 20% lower than the July figures from FEDIOL.

For sunflower, the situation is similar to rapeseed: 295,000 tons of seeds were received for further processing at oil refineries, which is 10% more than in the previous reporting month and 56% higher than the level of August 2021.

In general, since the beginning of the year (January-August), 24.6 million tons of oilseeds have already been processed at European facilities, which is 2% lower than the result of the corresponding period in 2021.

Source: Oleoscope