Canola futures soared to record highs last year after Russia invaded Ukraine, then the world’s biggest sunflower oil exporter, tightening vegetable oil supplies. Canada is the world’s biggest producer and exporter of canola, a cousin of rapeseed that is mainly processed into vegetable oil for human consumption and meal for animal feed.
How much canola is produced in Russia?
The production of canola in Russia increased by more than threefold to 2.1 million metric tonnes, and it now accounts for nine percent of all oilseeds produced. More over 70 percent of it is refined into oil & oil cake for home consumption, while the remaining 26 percent is shipped overseas.
Which country produces the most canola oil in 2021/2022?
China is the leading producer of canola oil in 2021/2022with 6.1 million metric tonnes of output. However, because almost all of this oil is used in China, the country exports less than one percent of its total production. 3. India
How much canola oil is produced a year?
Canola oil production has increased by 23% over the past decade, reaching 27.4 mln t, or 40 percent of the world¡¯s total crop output. 9.5 mln t & 6.1 mln t of canola oil will be produced in EU and China in 2019/2020, respectively. Export of canola