United Kingdom: Oilseeds and Products Annual

MY2022/23 is characterized by a small decrease in rapeseed production and an increase in imports of soybean meal and oil. Total United Kingdom (UK) rapeseed area in MY2022/23 is forecast to increase by 17 percent with an anticipated yield of 3Mt per hectare, slightly below the Defra five-year average of 3.3Mt per hectare. Yield is expected to remain low as farmers experience increased input costs, especially fertilizers. UK rapeseed production remains low, and demand for seeds, oils and meals is growing. This can only partially be offset by increasing rapeseed and soybean imports. Demand for oilseed meals for livestock feed use is expected to remain at current levels with a small year on year increase. The reopening of hospitality (restaurants and hotels) post COVID increased the share of oil in food consumption. Growers and Crushers are expected to use substitutions in MY2022/23 in the production of meals and oils as a result of Russia’s invasion of Ukraine.