The IGC predicts that in 2025, the world area of rapeseed will grow

Published 2024년 12월 3일

Tridge summary

The International Grains Council forecasts a 1.4% increase in the global rapeseed area in 2025/26, reaching a record 44.1 million hectares, with the EU accounting for a significant portion of the growth due to low yields and high prices. However, potential exporting countries like India, Canada, and Australia face challenges such as drought, and the final harvest prospects are uncertain. The increase in the US rapeseed area is attributed to increased demand from the fuel industry due to the promotion of biofuels.

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

Original content

According to the new forecast of the International Grains Council (IGC), in 2025/26, the global rapeseed area will grow compared to the current season by 1.4% to a record 44.1 million hectares, in particular in the EU - by 4% to 6 million ha, as the low yield of the 2024/25 season greatly reduced production. The high level of rapeseed prices will also contribute to the increase of sowing areas, the IGC believes. But the prospects for the future harvest in the main exporting countries are still unclear. Drought prevails in India, especially in the most important agricultural region of Rajasthan, as a result of which the area under rape decreased by 7.2% to 3.12 million hectares. In Canada and Australia, planting will only begin in a few months, so it is too early to judge conditions. However, both countries plan to increase the area under rapeseed, provided there is a stable demand for it. In the United States, the area of rapeseed can grow by 8.3%. According to the Agrarmarkt ...

Source: Graintrade