The rapeseed forecast in the EU has fallen again

For the third time in a row, the analysis company Strategie Grains revised its forecast for the 2024 rapeseed crop of the European Union downwards. Due to unfavorable weather conditions, the expected crop volume has been reduced to 17.27 million tons, which is almost 14% below the previous year and lower than the forecast of 17.80 million tons just a month ago. The reduction of the forecast for the expected yield at harvest was particularly necessary due to repeated heavy rains. According to the estimates of the country's Ministry of Agriculture, the decline may be the largest in France, at almost 8%. Germany, the Czech Republic, Poland, Hungary and Romania are also expecting lower total yields, as yields are declining in these regions due to low crop yields and ever-smaller acreage. The rape harvest in the EU will soon end. In addition, the forecast for the sunflower harvest in the EU was lowered for the second time in a row - now to 9.65 million tons, compared to 10.49 million ...