rapeseed field

Experts estimate the prospects for the EU oilseed harvest 2023/24


European farmers can harvest around 2023 million tonnes by the end of the 24/20,4 season Rapeseeds thresh, which is 1 million tons more than expected for 2022/23. This forecast was published in a report by analysts from the consultancy Stratégie Grains, who increased their estimate by 400 thousand tons compared to the previous one. These corrections were made due to favorable weather conditions in Germany, Poland, France and Romania.

The gross sunflower harvest in the EU is expected to be 11,3 million tonnes next year, 100 thousand tonnes more than in the previous month and 2,1 million tonnes more than in the 2022/23 marketing year.

"It is expected that good prospects for oilseed crops in Romania and Hungary will offset the negative impact of drought on crops in Spain and reduced acreage in France due to cool and wet weather," industry experts said.

Meanwhile, soybean production fell by 200.000 tons to 3 million tons (+0,5 million tons for the year). The decrease is due to excessively wet weather conditions in Italy.

Source: oleoscope (Russian)

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