EU expects record harvest of oilseeds

Published 2023년 3월 31일

Tridge summary

The European Commission anticipates a significant increase in the cultivation of sunflowers and oilseeds due to favorable conditions and temporary exemptions. Sunflower cultivation is expected to rise by 10% to 4.8 million hectares, at the expense of grain maize, leading to an 18% increase in harvest compared to 2022. Rapeseed production is projected to increase by 1% to 19.8 million tons, and soybean cultivation is expected to rise to 1 million hectares. This results in a new record of 33.6 million tonnes of oilseed production, which is expected to reduce imports of oilseed oil and meal and increase self-sufficiency in the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The sunflower area is expected to increase by 10% this year to 4.8 million hectares. The European Commission attributes this increase to the temporary exemption for compulsory set-aside. In addition, the area under sunflowers will also increase at the expense of grain maize in some drought-prone areas. Under normal weather conditions, the expansion of cultivation will result in a harvest of around 10.9 million tons. That means an increase of 18% compared to 2022. More canola and soybeans Rapeseed production in 2023 is estimated at 19.8 million tons. That means an increase of 1% compared to the 19.6 million tons harvested last year. Compared to the 5-year average, this year's crop estimate is 15% higher. Relatively high prices during the sowing period last year led to about 6 million hectares being sown with winter oilseed rape. According to the latest estimate by the European Commission, soybean cultivation will increase to 1 million hectares. This ...

Source: Boerderij