EU expects record soybean harvest

EU soybean supply is expected to increase again in the 2024/2025 season. This is assumed by the Union for the Promotion of Oil and Protein Crops (UFOP), citing a forecast by the European Commission. 66 thousand hectares more This year they expect a harvest of almost 3 million tons of soybeans. It would be a good 6 percent. more than in 2023. This means probably the largest soybean harvest since data collection began. According to UFOP, soybean production in the European Union has more than tripled over the last decade. According to research conducted by Agrarmarkt Informations-Gesellschaft (AMI), the decisive factor for the overall increase in soybean supply in the EU is the increase in the cultivation area by 67,000 m2. hectares to approximately 1 million hectares compared to 2023. According to UFOP, this would be the second largest soybean area in the EU. In its current forecast, the European Commission expects harvests slightly below last year's level. The largest producer is ...