Europe: Strategie Grains cuts rapeseed crop forecast to 10% below 2023

Published 2024년 6월 4일

Tridge summary

Consultancy Strategie Grains has revised its forecast for the EU's rapeseed output down by 180,000 metric tons to 17.94 million tons, marking a 10% decrease from last year due to adverse weather conditions in France and central Europe. Heavy rains in France delayed sowing and affected grain quality, while late frosts in April impacted countries like the Czech Republic and Slovakia. Germany, however, experienced satisfactory conditions for flowering. The rapeseed balance is expected to be tight next season due to lower output and low carry-in stocks, though higher imports from Ukraine and Australia may provide some relief. Additionally, the EU sunflower harvest forecast for 2024 was slightly reduced to 10.72 million tons, still 10% higher than 2023, and the soybean output forecast was slightly cut to 3.06 million tons, a 5% increase from last year's 2.9 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Consultancy Strategie Grains cut its forecast for this year’s rapeseed output in the European Union by 180,000 metric tons to 17.94 million tons, now 10% below last year’s harvest, due to wet weather in France and frosts in central Europe. Heavy rains in the European Union’s largest rapeseed grower France since the autumn have delayed sowings, flooded fields and is hurting grain quality. In contrast, late frosts recorded in April were not expected to have as much of a negative impact in France as in central EU countries such as the Czech Republic and Slovakia, the consultancy said in a report. “The crops (in France) are mainly penalised by the frequency of rainfall and the waterlogging of fields,” it said, adding that some fields will need to be replanted. In the second-largest rapeseed producer Germany, conditions were satisfactory for flowering with average temperatures close to seasonal norms. Strategie Grains noted that the rapeseed balance would be tight next season due to ...

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