Rapeseed Oil and Meal
Rapeseed oil is extracted from Rapeseed . The extraction is done through mechanical pressing followed by solvent extraction. Rapeseed meal is one of the key by-products of this process.
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German rapeseed oil exports decline in 2021/22 marketing yearNovember 28, 2022
Higher canola crush margins indicate strong demand for the commodityNovember 16, 2022
Australia's canola crops output forecasted to a record 6.75 million tonnes.November 16, 2022
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Rapeseed Oil and Meal Industry Benchmarks
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The industry average payment terms in Rapeseed Oil and Meal category for the current quarter is 75.0 days
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Rapeseed Oil and Meal market frequently asked questions
The global rapeseed oil market size is set to change in the upcoming years. According to the Beroe experts, the global consumption of rapeseed oil and meal was 28 MMT approximately while the supply was 35 MMT. The production size of China is 11.79 MMT while the production size of Europe is 16.97 MMT. The report outlines that there might be a short supply of rapeseed oil and meal due to crop damage in the UK region in the year 2021. This can directly impact the global supply for the short term. However, due to a good harvest, the demand will be met with the supply eventually and there will be a balance in the supply and demand of rapeseed oil.
There are many top rapeseed oil suppliers that are outlined in the Beroe report that has been curated by industry experts. The top rapeseed supplier and manufacturers include Cargill, Wilmar International Ltd., and Bunge Limited.
According to the rapeseed price forecast report by Beroe, the production by the EU decreased which impacted the price of the rapeseed oil directly. Substitute oil prices such as those of soybean and palm influence the rapeseed oil prices too. Bio-diesel mandates can influence the price of rapeseed oil and meal.
When it comes to vegetable oils, rapeseed is one of the most vital crops. It comes at par with soybean oil which is another edible oil. Rapeseed makes 40 percent oil making it one of the most in-demand oils and fats. The industries that will drive the rapeseed market include industrial, food, and vegetable oils.
The key rapeseed oil and meal producing regions are Japan, Canada, India, the EU, and China. The EU region produces the most at 36 percent. The key exporting countries include Russia, Canada, Australia, the U.S., and UAE. Canada exports 70 percent of rapeseed oil and meal.
Rapeseed Oil and Meal market report transcript
Global Market Outlook on Rapeseed Oil and Meal
The EU is the major producer of rapeseed in the world, but Canada leads the global exports contributing to more than 50 percent of the total exports, for both rapeseed oil and meal
Rapeseed Oil: Trade Dynamics
Rapeseed oil production is highly influenced by the crush margins versus soybean in the EU
Global demand remains strong though trade volume is expected to decline on reduced crush, production, and exports in Canada
Rapeseed Meal: Trade Dynamics
Demand from China and the US is likely to drive global trade during 2023, owing to increasing demand from the animal husbandry sector
The trade volumes are also dependent on the trend in substitute products and crushing volume, mainly that of soybean
Rapeseed meal exports from India are in increasing trends. Currently, India is the most competitive supplier of rapeseed meal, owing to bulk production. India’s rapeseed meal exports are in an increasing trend in the fiscal year 2022–2023
Impact of Macroeconomic Factors on Rapeseed Oil and Meal
The consumption rate of edible fats will likely increase with the increasing population
There is also an increasing shift in the preference for vegetable-based oils over dairy derivatives in the developing countries, majorly due to the prices
The increasing disposable income level in the developing countries impacts the price of Rapeseed oil and Meal
Population growth in developing countries
The Asian population has been growing at 0.95 percent this year, with the increasing population consumption of vegetable-based fats is expected to increase
Strong per capita demand
Per capita consumption of edible oil for the food use is likely to increase in the developing countries, such as India and China, by 2–3 percent
Lower China GDP growth rate affects demand
Reduction in per capita GDP is likely to affect the consumption of edible oil, but the demand for protein meal will persist, despite GDP
Rapeseed yields high amount of oil after palm, also the industrial uses of canola oil are high, hence the demand will continue to persist
Rapeseed Oil and Meal: Cost Structure Analysis
Raw material is the key cost factor contributing to close to 80–85 percent of the total cost in the processing of rapeseed oil and meal. The processing cost for the rapeseed meal is low, since it is only a by-product of rapeseed oil and requires only two additional steps, which is oil extraction and drying before packing.
Key cost factors and feedstock that impact the materials:
The raw material is the key cost factor, which constitutes to around 80 percent of the total production cost
Labor cost accounts for nearly 2 percent, the total variable costs amount to around 10 percent, and the utilities amount to another 2 percent
Key factors affecting feedstock price
Global production of rapeseed and price of solvents (hexane)
Why Should You Buy This Report
- Information about the rapeseed oil market size, value chain analysis, supply-demand analysis and trade dynamics.
- Regional market snapshot and analysis of North America, Europe, and Asia.
- Porter’s five force analysis of the global rapeseed oil market.
- Rapeseed oil and rapeseed meal price analysis, cost structure analysis, rapeseed price outlook, etc.
- Supplier profiles of key players.
- Rapeseed oil suppliers profiles of key players.
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