The world oilseed harvest will increase by 3% in the 2020/2021 campaign

Published 2020년 12월 14일

Tridge summary

The world oilseed harvest for the 2020/2021 season is projected to increase by 3.34% to 595.68 million tons, driven by improved forecasts in the United States and South America. The USDA reports a 15.60% increase in US production, and a 4.13% rise in South American production, led by Brazil. However, there are expected setbacks in China, the European Union, and other countries. The global soybean harvest is expected to reach 362.05 million tons, marking a 7.60% increase, primarily due to the rebound forecast for the United States and India. In contrast, the world harvest of sunflower seeds is projected to decrease by 10.02% due to a significant drop in production in Russia. The production of rape is estimated to remain slightly above the previous season, with a slight increase forecast for the European Union.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The world oilseed harvest corresponding to the 2020/2021 campaign will amount to 595.68 million tons, 3.34% more than in the previous one, especially due to an improvement in the forecasts for the United States and the countries of South America. As the North American Department of Agriculture (USDA) advances in its report on the situation of world agricultural production, with data as of December, the production of these crops will suffer, on the contrary, setbacks in China, the European Union and China. predicts that the oilseed harvest in the United States will register an increase of 15.60% compared to the previous season, with a total of 123.67 million tons, a figure that represents only a slight upward revision of 0.25% With respect to its November report, as for the data from South America (Brazil, Argentina, Paraguay, Bolivia and Uruguay), the report includes a total volume of 208.50 million tons, 4.13% more than the campaign 2019/2020 , after making a small downward ...
Source: Agrodiario

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