EU rapeseed forecast little changed

PARIS, May 29 (Reuters) – Crop consultancy Strategie Grains’ monthly forecast of this year’s rapeseed crop in the European Union was little changed, with a cut to expected output in top grower Germany mostly offset by upward revisions in other countries.

It projected 2017-18 production of rapeseed-canola, the EU’s main oilseed crop, at 21.35 million tonnes, down marginally from its previous estimate of 21.39 million but still about five percent above last year’s crop.

Forecast production in Germany, the EU’s top rapeseed grower, was lowered by 150,000 tonnes to 4.99 million tonnes, as Strategie Grains cut its yield outlook because of dry conditions in some regions and also trimmed its area estimate in line with official data, it said in the monthly report.

Rainfall in early May in Germany and elsewhere in western Europe provided relief for some crops, but northwest Germany remained very dry, it said.

In France, the return of rain this month had helped to maintain rapeseed yield potential after a prolonged dry spell, Strategie Grains said, leaving its forecast of French rapeseed production unchanged at 4.6 million tonnes.

The consultancy’s production outlook for Poland, Romania, Britain and Hungary was raised slightly, mainly because of upward revisions to area estimates.

In Poland, cold weather this month was not expected to have hurt rapeseed, with slower crop development this season meaning freezing temperatures did not coincide with the sensitive flowering stage, the report said.

About the author

Comments

Markets at a glance

Copyright © 2019. All market data is provided by Barchart Market Data Solutions. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

explore

Stories from our other publications