Romania: Oilseeds Poised for Big Recovery

In marketing year (MY) 2021/22, total year-on-year Romanian oilseed production is forecast to increase by 36 percent due to favorable weather. Rapeseed production is projected to rebound by 59 percent, sunflower production by 29 percent, and soybean production by 36 percent. Oilseed exports are poised to jump 43 percent in MY 2021/22, after last year’s 24-percent decline due to drought conditions. Robust demand for oilseeds in other EU markets will pull about 90 percent of Romania’s exportable stocks.