World rapeseed production is forecast to be lower than last year's IGC

Published 2024년 7월 16일

Tridge summary

The International Grains Council forecasts a 2% decrease in global rapeseed production for the 2024/25 season, totaling 87.2 million tonnes. This is due to a reduction in production areas and yield, with the majority of the decline coming from Australia, Ukraine, and Western Europe, where negative weather conditions have impacted production. The updated forecast is a revision of 900,000 tons lower than the previous forecast, with the largest decrease expected in the European Union, where production is projected to be 5.1% lower than the previous season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the world, a decrease in rapeseed production in the 2024/25 season is forecast compared to the previous year due to a reduction in production areas and a decrease in yield. This was reported by the International Grains Council (IGC). Production is expected to reach 87.2 million tonnes, down 2% from the previous season, according to updated IGC data. This is a downward adjustment of 900,000 tons compared to the previous forecast. The main reason for the decrease is a reduction in production in Australia, where the harvest is expected at the level of 5.4 million tons, which is 4.5% less than the previous year. In Ukraine, the rapeseed harvest is forecast at the level of 4.9 million tons, which is 500,000 tons less than previously predicted, due to unstable weather conditions. In Western Europe, negative weather conditions have also been observed, which limited the yield potential, in particular in France, Germany and Great Britain. This is evidenced by IGC estimates, according to ...
Source: Landlord

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