EU To Be World’s Largest Rapeseed Importer – for Aug. 16, 2010

A poor rapeseed crop looming in the European Union this summer is likely to turn the bloc into the world’s largest rapeseed importer, Hamburg-based oilseeds analysts Oil World forecast Aug. 9. EU rapeseed imports between July 2010/June 2011 are likely to rise to at least 2.19 million tonnes from 2.13 million tonnes imported in 2009-10, it said. Of the 2010-11 total, some 1.34 million tonnes are expected to come from Commonwealth of Independent States countries and 850,000 tonnes from Australia, it said. A heat wave is likely to cut the 2010-11 EU rapeseed harvest to 19.92 million tonnes, down 1.7 million tonnes on the year, Oil World estimates.

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