Browse Data and Analysis

Hungary is a resilient, export-driven economy with the second fastest economic growth in the EU in 2019.

Total EU oilseeds area and production in MY 2018/19 is forecast slightly upward due to increasing acreage of all three major oilseeds (rapeseed, soybean and sunflower).

It is estimated that rapeseed planted area in MY 2017/2018 will increase to 160,000 hectares, and will be four percent higher than in the previous year.

Total EU-28 oilseeds production for marketing year (MY) 2015/16 is expected to decline by about 9 percent to 32 million metric tons (MMT).

This report summarizes general economic and business conditions in Hungary as they pertain to U.S. exporters of food and agricultural products.

It is estimated that after reduction in MY 2015/2016, rapeseed planted area in MY 2016/2017 will increase to 200,000 hectares, and will be 20 percent higher than in the previous year.

Total EU-28 oilseeds production for marketing year (MY) 2015/16 is expected to decline by about 9 percent to 32 million metric tons (MMT).