European Union: Oilseeds and Products Annual

Total European Union (EU) oilseeds area in MY 2020/21 is forecast to remain essentially flat compared to the previous year. Slightly increased area and higher average rapeseed yields but somewhat lower soybean and sunflower production are forecast to result in a 3 percent higher total oilseeds production. NOTE: This report was drafted at the beginning of the Covid-19 (Coronavirus) crisis. As of mid-March 2020, the global oilseed market is characterized by market distortions as a result of the Covid-19 virus pandemic, as well as the decreasing demand for crude oil accompanied by a drop in prices. Future developments are subject to considerable uncertainties which, due to timing, could not be considered in this report. Please watch the GAIN system for relevant updated reports.

European Union: Oilseeds and Products Annual