France is preparing a rare rapeseed export to the United States

The bulk carrier Star Maru is expected to enter the port of Rouen in northern France on Thursday to begin loading cargo, according to traders and shipping sources.

France is one of the largest rapeseed producers in the European Union. It regularly exports small shipments to other European countries but rarely exports beyond the region.

The United States is one of the largest producers of soybeans in the world, but grows and consumes relatively little rapeseed.

It is unclear what exactly prompted the planned shipment of French rapeseed to the United States.

Sources said it could reflect ample supply in France and the EU after a larger than expected harvest and strong imports early in the season, as well as the US niche demand for oilseeds. not genetically modified.

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