The European Commission on Thursday lowered its estimate for oilseed and grain harvests

Published Dec 20, 2024

Tridge summary

The European Commission has lowered its estimates for the EU's main crop production for the 2024/25 season due to adverse weather conditions. Rapeseed production is now projected at 16.9 million tonnes, down from 17.2 million, and sunflower seed production at 8.0 million tonnes, down from 8.1 million. The commission also reduced its estimate for soft wheat production to a 12-year low of 111.9 million tonnes, a 10.6% decrease from the previous harvest. Barley and corn harvest estimates have also been lowered to 49.4 million tonnes and 59.5 million tonnes, respectively.

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Original content

The European Commission on Thursday cut its estimate for the EU's main oilseed crops. Rapeseed production in 2024/25 was cut to 16.9 million tonnes from 17.2 million, down 14% from last season; sunflower seed production was cut to 8.0 million tonnes from 8.1 million, down 18% from a year earlier. The European Commission on Thursday cut its estimate for the EU's main wheat crop this season to a 12-year low, confirming the impact of heavy rains on key production areas in Western Europe. In its monthly supply and demand data, the Commission cut its estimate for usable soft wheat production in 2024/25 to 111.9 million tonnes from the previously forecast 112.3 million tonnes. The Commission said this season's crop estimate was 10.6% below the previous harvest and the lowest since 2012/13. Other observers also forecast a soft wheat harvest at a 12-year low, largely due to France’s smallest crop since the 1980s. The Commission did not change its demand forecasts, which imply EU exports ...

Source: Oilworld