Larger EU rapeseed production reduces import needs

Published 2023년 2월 8일

Tridge summary

The European Union (EU-27) has seen a significant increase in rapeseed harvest in 2022, the largest in five years, with a production volume of 19.6 million tons, up from 2.5 million tons in 2021. This increase is primarily due to larger harvests in France and Germany, as well as growth in Denmark, Lithuania, and Poland. This surge in production is expected to decrease the need for imports, with the EU Commission predicting an 8% decrease to 5.1 million tons for the current marketing year. Despite the increased production, the EU's total consumption is projected to rise by 9% to 24.2 million tons, with demand for both rapeseed oil and meal remaining high.

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

Original content

08.02.2023 | 16:22:00 | ID: 35425 | Department: Agriculture | plant Berlin (agrar-PR) - A significantly higher rapeseed harvest in the EU-27 reduces the need for imports. A continued high demand for rapeseed oil for the biofuel industry and rapeseed meal for animal feed is driving processing. According to the EU Commission, significantly more rapeseed was harvested in the EU-27 in 2022 than in the previous year. The harvest volume is estimated at 19.6 million t, which corresponds to an increase of around 2.5 million t compared to 2021. The Union was able to bring in the largest harvest in 5 years, especially since considerable yield losses had been expected in the run-up due to the persistent drought and heat. According to research by Agrarmarkt Informations-Gesellschaft (mbH), this plus is due in particular to the larger rapeseed harvest in France and Germany attributed. Denmark, Lithuania and Poland also recorded growth. This more than compensated for declines in production in ...

Source: Agrar