The oilseed market - France

Oilseeds are plants whose seeds and fruits (rich in fat) are used for human and animal food, but also for energy and industrial purposes. The oil is extracted by the process of trituration, an operation of crushing by friction. Among the main seeds used are rapeseed, sunflower, peanut, soybean, and sesame. The world oilseed market has shown solid growth in recent years. It benefits from the increase in world demand and the new consumption habits of emerging countries. Not only are oilseeds essential in animal and human food, but they are also increasingly used for industrial and energy purposes. Among the recent developments on the oilseed market in France, an unprecedented price surge has been observed since the beginning of the war in Ukraine. Grain and oilseed prices have risen very rapidly. Ukraine was among the top 5 grain exporters in the world before the conflict, and a key exporter of sunflower oil to the European Union.