Data from the EU indicates that rapeseed imports for the 2025/26 season have fallen by 29% year-on-year; while import shares from Australia and Ukraine have declined, Canada's share has increased. As of June 28, 2026, Australia remained the EU's top rapeseed supplier with a volume of 2.14 million tonnes—down 40.6% year-on-year—and its market share dropped from 47.8% to 40.0%.

The 29% year-on-year decline in EU rapeseed imports has heightened expectations of tight global supplies, driving upward pressure on rapeseed prices; as a direct downstream product, rapeseed oil is receiving significant cost-side support. The benchmark futures contract (2609) closed at 9,571 RMB/tonne on July 2, 2026—up 6 RMB/tonne from the previous trading day—reflecting strong market support and an outlook for firm prices in both spot and futures markets.

The sharp drop in EU rapeseed imports has raised the expected baseline for global rapeseed prices; rapeseed meal, a key by-product of rapeseed crushing, is benefiting from this strengthened cost-side support, providing a bullish boost to both its spot and futures prices.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.