EU. Forecast for oilseed production was raised

11.08.2017

Strategie Grains consultancy raised its monthly forecast for EU oilseed production in the 2017/18 season from 32.06 MMT to 33.03 MMT, reports UkrAgroConsult.

According to the new forecast, the 2017/18 EU crop will include 21.91 MMT of rapeseed (up 8% year-on-year), 8.5 MMT of sunseed (up 3%) and 2.62 MMT of soybeans (up 5.9%).

The forecast for rape plantings increased from 6.60 Ml ha to 6.65 Ml ha (up 2% year-on-year), while that for soya plantings was raised from 0.95 Ml ha to 0.97 Ml ha (up 14.7% year-on-year). According to the forecast, sunflower planted acreage will remain at last year’s level: 4.13 Ml ha (up 1.1% from last season).

The yield forecast for rapeseed was adjusted upwards from 3.20 MT/ha to 3.30 MT/ha (up 5.9% year-on-year) and that for sunseed was increased from 2.03 MT/ha to 2.06 MT/ha (up 1.8% against last season). The yield forecast for soybeans was left unchanged at 2.70 MT/ha (down 7.6% against last season).

 

UkrAgroConsult

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