Romania will try to renew its maximum in rapeseed production

Published 2024년 2월 2일

Tridge summary

Romania has seen a record level of oilseed crops, including sunflower, rapeseed, and soybeans, in MY 2023/24, with rapeseed accounting for 32% of the crops and reaching a record production despite yield fluctuations. The country's biofuel production capacity has significantly developed, leading to surplus harvests being mainly exported to European countries. However, the import of rapeseed from Ukraine has caused price pressures and farmer protests, resulting in an import ban. The European Commission has amended trade legislation to allow import restrictions on Ukrainian agricultural products until June 2025.

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

Original content

In the structure of oilseed crops in Romania, sunflower accounts for the largest share, followed by rapeseed and soybeans. In MY 2023/24, the total area of oilseeds increased to a record level since MY 2015/16. Crops increased for all oilseeds, but rapeseed accounted for the largest increase. In this regard, changes occurred in the structure of crops, the share of rapeseed increased significantly to 32%, and the share of sunflower correspondingly decreased to 60%. But the dynamics of rapeseed production indicators does not show stable growth under the influence of yield fluctuations. MY 2023/24 becomes successful, and the harvest reaches a record high. In Romania, biofuel production capacity has been significantly developed, the needs of which are met using its own raw materials, and the surplus harvest is exported mainly to European countries (Germany, France, Belgium and others). With the outbreak of the conflict in Ukraine, the import of rapeseed from Ukraine comes into play, ...

Source: Oilworld