News and Articles

• USDA forecasts record global rapeseed production on record planted area.
• Canada holds nearly 10 million tonnes of canola stocks, up from 7.84 million tonnes a year earlier.
• The European Commission projects EU rapeseed output at 19.9 million tonnes.
• Global rapeseed crush is expected to reach a record high.
• Rapeseed oil exports are projected to rise to about 9 million tonnes.
• Large stocks and higher output should improve the buying position for rapeseed oil users.

Global rapeseed production is expected to reach a record high, according to USDA’s May Oilseeds Circular. The increase is supported by record planted area, higher crush volumes, and rising ending stocks.

Canada is projected to remain the world’s largest producer. Planting across the Canadian Prairies is moving ahead with large carry-in stocks already in place. Statistics Canada reported canola stocks near 10 million tonnes as of March 31, up from 7.84 million tonnes a year earlier, showing ample supply in the system.

The European Union is also expected to produce a large crop. The European Commission projects EU rapeseed output at 19.9 million tonnes, supported by strong winter rapeseed sowings and adequate soil moisture in key growing areas, including France, Germany, and Poland.

Rapeseed crush is forecast to reach a record high, with Canada, Ukraine, Russia, and India all expected to process more seed. Global rapeseed oil exports are projected to rise to about 9 million tonnes. Higher crush and larger ending stocks suggest supply is running ahead of demand growth, which should keep pressure on rapeseed oil prices compared with the elevated levels seen in 2022.

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Benchmark canola prices recently eased after touching their highest level since September 2023. Short-term support came from energy-market risk and biodiesel feedstock demand, but the six-to-twelve-month supply outlook is more favorable for buyers.

For procurement teams sourcing rapeseed oil for food processing, biofuels, oleochemicals, and edible oil blending, the production and stock outlook points to better availability. Large Canadian stocks and a strong EU crop should support more competitive export pricing and reduce supply risk. Biodiesel policy in the EU and Canada remains the main factor to watch, as stronger mandate-driven demand could absorb part of the additional supply.