World rapeseed production will not reach last year's level

Published Jul 20, 2024

Tridge summary

The International Grain Council (IGC) has revised its global grain production forecast to 87.2 million tons, marking a 2% decrease from the previous season and a reduction of 900,000 tonnes from the prior month's estimate. This decline is attributed to lower harvests in Australia and Ukraine, which are expected to produce 5.4 million and 4.9 million tonnes respectively, due to adverse weather conditions. Additionally, Western Europe, particularly France, Germany, and Great Britain, is facing challenges such as excessive rain, waterlogging, and pests, resulting in an estimated EU production of 18.7 million tons, a 5.1% drop from the previous year.

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

Original content

This forecast was made by the International Grain Council (IGC), writes feednavigator.com. It is expected that the volume of production will be 87.2 million tons, which is 2% less than in the previous season. The IGC has revised down its forecast from the previous month by 900,000 tonnes. The main reason for the decrease is a likely reduction in the harvest in Australia, where the gross harvest is forecast at 5.4 million tonnes, about 700 thousand tonnes less than expected in May and 4.5% below the level of last year. In Ukraine, the harvest will amount to 4.9 million tons, which is about 500 thousand tons less than previously expected, due to fluctuations in weather conditions. Adverse weather conditions are also observed in Western Europe. ...

Source: AgroPortal.ua