In view of the historically high price level and rising demand, the IGC expects the global rapeseed area to expand to a record of 40 million hectares for the 2022/23 marketing season. This would translate to a more than 2 per cent rise on the running crop year.
The IGC sees the largest increases in acreage in key rapeseed producing countries, such as Canada and the EU-27. According to investigations conducted by Agrarmarkt Informations-Gesellschaft (mbH), around 5.6 million hectares of rapeseed could be available for harvest in the European Union in 2022, mainly due to expansions in France and Germany. Nevertheless, even taking into account the area under rapeseed cultivation in the UK, this would be down 1.0 million hectares on 2017, a year when the European rapeseed acreage hit a record at approximately 6.8 million hectares.
From the perspective of the UFOP, there is much to suggest that the IGC estimate is more on the conservative side, because rapeseed producers‘ marketing conditions regarding the 2022 harvests and sowings are set to remain attractive. The UFOP has pointed out that not only in Germany, but also in other EU member states, the option of counting palm oil-based biofuels (biodiesel/HVO) towards national quota obligations will end in 2023. The association expects that biofuel producers will have to look for appropriate alternatives before long. According to the UFOP, sustainable rapeseed oil would be the perfect choice. The association has drawn attention to the fact that feedstock procurement already starts with the sowing of seed. Because of this, appropriate initiatives for planning crop rotation for the 2023 harvest should be provided already at the time of the 2022 harvest.
The declines in yield in the 2021/22 season and the resulting significantly lower output are seen as having triggered the increase in international rapeseed prices. The IGC also anticipates a 4 per cent expansion in canola area in Canada to 9.4 million hectares. Rapeseed production in Ukraine is seen to remain unchanged from the IGC November estimate at 1.1 million hectares, which would be up 100,000 hectares on the previous season.
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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Union zur Förderung von Oel- und Proteinpflanzen e
Telefon: +49 (30) 2359799-40
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