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CropGPT - Canola - Week 50

CropGPT - Canola - Week 50

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This episode provides a detailed overview of recent developments in the global canola and rapeseed markets.

  • Bulgaria has experienced a notable rise in rapeseed cultivation, yielding 290,000 tons this season. However, this growth has not offset a shortfall in raw materials, prompting increased rapeseed imports. The emphasis on rapeseed has also led to stagnation in sunflower seed production, which has remained at 1.5 million tons for two consecutive years. As a result, Bulgaria has grown more reliant on sunflower seed imports from Romania and Moldova, affecting the local processing industry.
  • Russia’s record oilseed harvest, particularly from the Rostov region and Krasnodar territory, is expected to bolster rapeseed oil and meal exports. Yet, sunflower oil prices have climbed by 15 to 20 percent over the past 18 months due to strong domestic and international demand. India remains the top importer of Russian sunflower oil, while emerging markets in the Middle East, Africa, and Southeast Asia signal expanding demand. However, export capacity is constrained by infrastructure limitations at key southern ports like Novorossiysk.
  • In Canada, canola production hit a record 21.8 million tons in 2025, despite a reduced cultivation area. Export volumes have declined, primarily due to reduced trade with China, affecting the country’s trade balance. Domestic price volatility and logistical challenges in grain transport are further influencing the market landscape.
  • Australia’s canola exports dropped to 62,708 tons in October due to depleted stocks ahead of the new harvest. During this period, Japan played a key role as a major importer. Meanwhile, domestic processing has reached record levels, supported by strong international demand for rapeseed oil. Favorable agricultural conditions and market signals are fueling positive expectations for future production.
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