In 2018 the EU will increase rapeseed production to 3-year high
Experts Oil World believe that in 2018 the EU despite forecasts of reductions in acreage under rapeseed will increase its production to the maximum level the last 3 years - 22,22 million tonnes, against 21,95 million tonnes in 2017.
the acreage under rapeseed will be reduced from 6.7 million hectares in 2017 to 6.62 million hectares in 2018, in particular, in Germany – from 1.31 to 1.27 million hectares, of Poland – from 890 to 770 thousand hectares.
However, due to the increase in the yield from 3.28 to 3.36 t/ha gross yield of rapeseed in Germany will increase from 4.29 to 4.55 million tonnes, France from 5.2% to 5.25 million tonnes, of the UK – from 2.13 to 2.2 million tons, Romania – from 1.8 to 1.98 million tonnes, the Czech Republic – from 1.14 to 1.4 million tons.
improving the evaluation of rape production in the EU in 2018 amid robust exports of oilseeds from Ukraine, Australia, and Canada, as well as high projected carryover stocks of rapeseed in the EU will in the long run to put pressure on prices for European rapeseed.