Analysts of Strategie Grains lowered the forecast of oilseeds harvest in the EU in 2023/24 MY due to the long-term unfavorable dry weather conditions, which negatively affect the yield.
In particular, the forecast for rapeseed production was lowered by 0.5 mln tonnes per month to 19.3 mln tonnes, which is in line with the previous season’s result (19.4 mln tonnes).
The sunflower production forecast was lowered by 0.4 mln tonnes to 10.5 mln tonnes (9.3 mln tonnes in 2022/23 MY).
Also, the forecast of soybean harvest was slightly lowered by 0.1 mln tonnes to 2.9 mln tonnes (2.5 mln tonnes in the previous season).
Source: Apkinform