Record EU Rapeseed Crop To Cut Imports — Oil World

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The EU rapeseed crop this summer is likely to reach a record 20.30 million tonnes, up from the previous record of 18.9 million tonnes in 2008, Hamburg-based oilseeds analysts Oil World forecast Sept. 8.

This is 180,000 tonnes up on Oil World’s previous EU harvest forecast on Aug. 25.

Germany’s rapeseed crop is forecast at 6.22 million tonnes, up from 5.16 million tonnes last year and France’s is seen rising to 5.5 million tonnes from 4.7 million tonnes.

Poland, Denmark and Sweden had also achieved larger crops but smaller harvests were gathered in the UK, Romania, Hungary and the Czech Republic, it said.

The record crop this year will sharply reduce EU July 2009-June 2010 rapeseed imports to 1.90 million tonnes from 3.22 million tonnes in 2008-09, it forecast.

The main loser will be Ukraine, whose 2009-10 rapeseed exports to the EU are forecast to fall to 1.10 million tonnes from 2.36 million tonnes in 2008-09, it said.

Australia’s 2009-10 rapeseed exports to the EU are also likely to fall to 0.55 million tonnes from 0.65 million tonnes in 2008-09 it said.



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