Official reports read that, as of the end of December 2016, rapeseed stocks in the EU decreased by 1.7 mln tons, which is related with the high level of rapeseed processing, its lower import rate in the second half of 2016 and the lowest yield in the past four years – 20.2 mln tons.

In the first half of 2017, rapeseed in the EU will be 2.41 mln tons versus 1.85 mln tons in the same period of 2016. Since the start of the year, rapeseed has been mainly imported from Australia.

Oil World reported that oilseed oil import in the EU reached 9.08 mln tons in 2016 versus 8.89 mln tons a year earlier. Sunflower oil has been the highest flyer with a level of 1.58 mln tons (0.98). Rapeseed import dropped to 166,000 tons (230,000) while palm oil reached 7.02 mln tons (7.37). Soybean oil deliveries have remained unchanged at 309,000 tons (302,000). In the first six weeks of 2017, sunflower oil import in the EU decreased compared with the same period of last year.