Romanian farmers are increasing the area under rapeseed

Published Feb 5, 2024

Tridge summary

In FY 2023/24, Romania experienced a record increase in the total area of oil crops since FY 2015/16, with rapeseed showing the most growth. The country's oilseed crop structure is primarily composed of sunflower, followed by rapeseed and soybeans. Romania has also developed biofuel production capacities, exporting surplus crops to other European countries. In contrast, Ukraine saw a 23% decrease in its grain and leguminous crop exports for the 2023/24 season compared to the previous one.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The total area under oil crops in Romania in FY 2023/24 increased to a record level since FY 2015/16. Sowings increased under all oil crops, but rapeseed provided the biggest increase, Svitlana Kupreyeva, an oil market analyst at UkrAgroConsult, noted. In the structure of oilseed crops in the country, the largest share is sunflower, followed by rapeseed and soybeans. As a result, there were changes in the structure of crops, the share of rapeseed increased significantly - to 32%, the share of sunflower, accordingly, decreased to 60%, - explained the analyst. Kupreeva noted that Romania has significantly developed capacities for the production of biofuel, the needs of which are covered thanks to its own raw materials, and the surplus of the crop is exported mostly to European countries (Germany, France, Belgium and others). We will remind, as of December 15, 2023, the volume of exports of grain and leguminous crops from Ukraine in the 2023/24 season amounted to approximately 15.3 ...
Source: Landlord

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.