EU Rapeseed Production

Oil World has left it's estimate for the 2009/10 EU-27 rapeseed crop unchanged at 20.3 MMT, a 7.4% increase in the 18.9 MMT produced in 2008/09.

EU-27 imports are now seen at 1.9 MMT, down from last month's estimate of 2.2 MMT, and 40% lower than the 3.2 MMT imported in 2008/09.

Crush is estimated at 21.3 MMT, 1 MMT up on last month and 5.4% higher than last season's 20.2 MMT. Ending stocks are now forecast at 1.3 MMT, from 1.2 MMT last month and 1.6 at the end of 2008/09.

It's early days yet, but I'd expect 2010/11 production to be significantly higher again not just here in the UK, but also in Europe and Ukraine. I'll go for 22-22.5 MMT next season.