2023 oilseed campaign in the EU-27 and forecasts for 2024

Published Jul 31, 2024

Tridge summary

The EU-27 is projected to see a slight decrease in oilseed production in 2024. Rapeseed production is expected to drop by 5.6% due to a reduced sown area and lower yield. In contrast, sunflower production is set to increase by 1.7% with a higher productivity, and soybean production is anticipated to grow by 7.9% due to an increase in both the sown area and yield. Despite these variations, the total oilseed production is predicted to decrease by 1.0% in 2024.

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

Original content

For 2024, a slight decrease in the total area dedicated to oilseed production in the EU-27 is expected, as well as significant variations in the production of the main crops compared to 2023. Rapeseed The area sown with rapeseed is expected to decrease by 5.6%, from 6228 thousand hectares in 2023 to 5879.4 thousand hectares in 2024. This reduction in the sown area, combined with a decrease in yield of 2.4%, translates into a predicted decrease in production of 7.8%, reaching 18175.5 thousand tons. Sunflower Unlike rapeseed, the area sown with sunflower is expected to increase by 1.7%, reaching 4764.4 thousand hectares in 2024. Furthermore, an increase in productivity of 7.9% is expected, which would result in a significant increase in production 9.7%, reaching 10,734.5 thousand tons. Soy Soybeans also show a growth trend, with a projected increase of 7.9% in the sown area, which would reach 1055.6 thousand hectares in 2024. With an increase in yield of 2.4%, the expectation is ...

Source: 3tres3