Strategie Grains sees rebound in EU rapeseed and sunflower crops next year

Published Dec 1, 2024

Tridge summary

Strategie Grains forecasts a significant recovery in the European Union's rapeseed and sunflower seed production in 2025, following a difficult 2024 due to adverse weather conditions. The consultancy projects a 12% increase in rapeseed harvest to 18.7 million metric tons and a 25% rise in sunflower seed production to 10.5 million tons. The recovery is expected to be led by improved sowing conditions and an expansion in the cultivated area for both crops, driven by high prices resulting from this year's poor yields. However, the firm also warns of potential tightening of stocks for both crops due to weather-related supply challenges and the possibility of increased U.S. tariffs on Canadian rapeseed imports.

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

Original content

European Union production of rapeseed and sunflower seed should rebound sharply in 2025 after adverse weather cut this year’s crops, consultancy Strategie Grains said. In its first projections for next year’s oilseed output, the firm forecast the EU rapeseed harvest at 18.7 million metric tons, up 12% from a four-year low of 16.7 million in 2024. For sunflower, 2025 production was pegged at 10.5 million tons, up 25% from a nine-year low of 8.4 million expected in 2024. This year’s rapeseed crop suffered from repeated heavy rain in western Europe, while the sunflower harvest was hit by drought, heatwaves and torrential rain in southeast Europe. For the next rapeseed crop, sowing conditions “were not ideal” because of too much or too little rain in production belts, but were still better than a year ago, Strategie Grains said in a summary of an oilseed report. Larger rapeseed harvests were anticipated next year in Romania, France, Germany and the Baltic States, it said. The ...

Source: Hellenic Shipping News