Less rapeseed in the European Union

Published 2024년 6월 4일

Tridge summary

The price of rapeseed is increasing on stock exchanges and in purchases for the 2024 harvest, with estimates for the European Union's rapeseed production decreasing due to heavy rains and flooding in France. The forecasted production is approximately 10% less than last year, at around 17.94 million tons. Strategie Grains has also lowered its forecast for the sunflower and soybean harvests in the EU for 2024.

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

Original content

The price of rapeseed is rising on stock exchanges and also in purchases. In forward contracts for the 2024 harvest, it currently ranges from PLN 1,935 to PLN 2,050/t. Meanwhile, harvest estimates are being lowered. Less rapeseed in the EU According to data provided by Strategie Grains analysts, the forecast for rapeseed production in the European Union has decreased. The correction applies to PLN 180,000. t, i.e. production is expected to be approximately 17.94 million t. This is 10% less than last year. What influenced this state of affairs? Of course, the weather pattern. This one doesn't spoil you. Especially heavy rains in France. - In France, where heavy rains led to flooding of crops, the quality of the raw material will most likely deteriorate. Many plantations have been replanted - according to APK Inform data. Have the frosts taken their toll? April frosts will not have such a negative impact on the rapeseed harvest in France and other Central European countries such as ...

Source: Farmer.pl