EU Rapeseed Crop Seen Lower

Posted by Nogger - a legend in his own mind at 11:48 | Categorized as

09/06/11 -- Oil World forecast the EU rapeseed crop 8% lower in 2011 to 18.9 MMT from 20.6 MMT last year. Much of that comes from the German crop which is seen falling 19% to 4.7 MMT, with output in France only down marginally to 4.7 MMT and UK production rising 4.5% to a record 2.3 MMT despite the drought.

Lower production in the EU is negated by increases in output from Canada (up 10%), Australia (+14%), Ukraine (+6.7%) and Russia (+38%) to peg the world crop at 59.5 MMT, an increase of 0.3 MMT on 2010/11.