Global production of rapeseed oil in 2024/25 MY may increase slightly
According to Oleoscope analytical agency, in 2023/24 MY the world production of rapeseed oil increased by 4.4% to 34 mln tonnes, and in 2024/25 MY it may increase by 0.5%. Global oil exports in MY 2023/24 increased by 13% to 7.4 mln tonnes, and in 2024/25 MY they will increase by 6% to 7.8 mln tonnes.
In MY 2023/24, the main producers of rapeseed oil were the following countries:
- EU – more than 10 mln tonnes (in the current season it will reduce the production by 2.3%),
- China – 7.7 mln tonnes (in the current season, the production will decrease by 1.5%),
- Canada – 4.7 mln tonnes (in MY 2024/25 will increase production by 8%),
- India – 3.9 mln tons (will increase production by 2%),
- Russia – 1.2 mln tonnes (in MY 2024/25 will increase production by 38% to 1.7 mln tonnes).
The leading exporters of rapeseed oil in MY 2023/24 were:
- Canada – 3.4 mln tonnes (+20% in the current season),
- Russia – 1.2 mln tonnes (+24%),
- EU – 741 thsd tonnes (-10%).
In 8 months of 2024, Russia reduced the exports of rapeseed oil to China by 1.5 times, and also reduced the supplies to the EU.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Write to us
Our manager will contact you soon