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- (-) April 2020
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Total European Union (EU) oilseeds area in MY 2020/21 is forecast to remain essentially flat compared to the previous year.
With the onset of the COVID-19 pandemic, it is difficult to generalize consumer behavior and market developments across all 27 EU Member States.
The EU is plagued by a highly regulated system that has hindered its ability to react to the supply shortfalls seen over the last few years.
EU farmers are expecting a sizeable grain crop of 292 million metric tons in marketing year 2013/14.
The EU is highly dependent on imports of oilseeds and oilseeds products (protein meals and vegetable oils) to meet demand for food, feed and industrial uses, including biofuels production.