German rapeseed oil export shrinks

September 22, 2018 |

In Germany, UFOP reports that German exports of rapeseed oil in the 2017/18 marketing year fell short of the previous year’s record level. Above all, some EU member states purchased considerably less rapeseed oil. According to figures published by the German Federal Statistical Office, German exports of rapeseed oil declined for the first time in three years in 2017/18. At around 1 million tonnes, sales to foreign countries were down almost 16 per cent from 2016/17.

Agrarmarkt Informations-Gesellschaft mbH has suggested that the decline is probably due to the scarcity of feedstock and high level of competition from other vegetable oils. Just about 96 per cent of exports went to other EU countries, which translates to an approximately 12 per cent decrease year-on-year. The Union zur Förderung von Oel- und Proteinpflanzen (UFOP) has expressed fears that in the wake of the decline in sales, pressure on producer prices will persist despite the drop in rapeseed harvest all across the EU. The main reason is seen in surplus supply of rapeseed oil based on the slowdown in demand from the biofuels industry. UFOP has called for urgent action to develop additional sales options, for example by raising the GHG reduction quota by no later than the beginning of 2019 or by tapping into new non-EU markets as part of export promotion programmes.

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Category: Fuels

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