The forecast indicates a consistent decrease in rapeseed and mustard oil stocks in the UK, with values decline from 2024 to 2028. In 2023, the stock stood at a higher level compared to the subsequent years. The forecasted stock variation is set at -5000 metric tons for 2024 and 2025, then reaching -6000 metric tons from 2026 through 2028. This downward trend suggests ongoing supply constraints or increased consumption, potentially driven by changing dietary preferences or economic factors.
Future trends to watch for:
- Impact of potential agricultural innovations enhancing rapeseed yield.
- Shifts in consumer preferences towards alternative cooking oils.
- Trade policy changes potentially influencing import dynamics.
