EU-28: Oilseeds and Products Update
Drought and high temperatures negatively affected oilseeds yields in many regions of the EU. Particularly rapeseed production suffered from the unfavorable weather conditions. The three major oilseeds soybean, rapeseed and sunflower are forecast to result in an almost 10 percent decline in total production in MY 2018/19 compared to the previous year. Rapeseed production in the European Union for MY 2018/19 is forecast to be the lowest crop since MY 2008/09. The decline in rapeseed production and meal crushing, combined with excess U.S. supplies at competitive prices sees an increase of U.S. soybeans and meal imports.
