United Kingdom: Oilseeds and Products Annual

MY2021/22 is characterized by a further reduction in rapeseed production. Total United Kingdom (UK) rapeseed area in MY2021/22 is forecast to decline by 17 percent, primarily due to uncertainty over crop performance. Demand for oilseed meals for livestock feed use is expected to remain at current levels. The reopening of hospitality post COVID-19 is expected to increase the share of oil in food consumption. MY2020/21 should be considered an outlier year, not just because of the weather but also because of the uncertainty of Brexit and the COVID-19 pandemic. With the UK having now completed its departure from the EU, growers and traders alike are making more informed decisions ahead of MY2021/22, albeit COVID-19 could continue to play its part on the demand side.