Analysts of Strategie Grains raised the forecast of rapeseed production in the EU in 2023/24 MY by 0.5 mln tonnes compared to the previous figure – up to 20 mln tonnes, which is also 600 thsd tonnes higher than the previous year.
The forecast revision is explained by the favorable weather conditions, which are fixed in most of the EU, which positively influences the development of plants.
As for other oilseeds, the experts expect the sunflower harvest in the countries of the bloc at 11.2 mln tonnes (in 2022/23 MY – 9.2 mln tonnes), and soybean – 3.2 (2.5) mln tonnes.