Strategie Grains has raised its estimate for the EU rapeseed crop and lowered it for sunflower and soybeans

Published 2023년 12월 5일

Tridge summary

Strategie Grains analysts have raised their estimate for the EU's 2023 rapeseed crop to 19.76 million tons, citing better-than-expected harvests in Denmark and some Western European countries. The estimate for the sunflower harvest was slightly reduced to 10.05 million tons, primarily due to lower expectations in Romania, but this is still 7% higher than last year. The soybean crop estimate was also lowered to 2.83 million tons, with updated estimates for Romania, Italy, Hungary, and France, but it remains almost 13% higher than last year's harvest.

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

Original content

Strategie Grains analysts have slightly increased their estimate for the European Union's 2023 rapeseed crop, thanks to better-than-expected harvests in Denmark and some Western European countries. In particular, in their report, experts increased this estimate for the third time to 19.76 million tons compared to 19.74 million tons forecast last month, which is also 1.6% higher than last year. At the same time, the EU sunflower harvest estimate was slightly reduced to 10.05 million tons from 10.1 million tons previously, amid lower expectations for oilseed production in Romania. However, the updated figure is 7% higher than last year. The soybean crop estimate ...

Source: Oilworld