Coceral estimates rapeseed harvest 2020 below multi-year average The European umbrella organization of grain and oilseed traders (COCERAL) estimates the rapeseed harvest 2020 to be 2.4% higher than in the previous year, but remains far below the previous one with a quantity of 17.1 million t Results between 21 and 25 million tons. The estimators continue to expect a significantly reduced acreage of 5.6 million hectares . Only the average area yields should again exceed the 30 dt / ha mark. In the 3 largest production areas, France, Germany and Poland, with a share of more than 50% of EU production, higher results than in the previous year are expected. In France the increase is said to be 2.6%, in Poland by 4.3% and in Germany even by 12.3 % . The deciding factors are somewhat higher acreage and yield expectations based on the multi-year average.For the ex-EU member country Great Britain , COCERAL estimates a fall in the rapeseed harvest from 18% to 1.4 million tonnes , which is due to a 17% reduction in acreage and a yield reduction of 1.6%. Great Britain will therefore be dependent on rapeseed imports that will take place after December 31, 2020 according to new trade rules that are still to be explored. If one assumes earlier EU rapeseed consumption amounts of between 23 and 25 million tons, the EU will have to fall back on larger import quantities in 2020. Worldwide, however, rapeseed has become significantly smaller. The traditional supplier countries Ukraine Australia had only weak harvests in the previous year, so that the inventories are at a low level. The acreage in these areas is limited . Canada, as the world's largest exporting country, produces predominantly GMO goods, most of which are not approved for the EU.The harvest estimate at such an early stage naturally contains a number of risks . You may no longer have to expect serious wintering damage, the soil water reserves have also replenished, but the weather period in the critical blooming and grain formation phase can still cause significant changes in the harvest results. The prospect of sustained high price potential remains. However, the developments in the competing products palm oil and soy are crucial . Last but not least, the crude oil price still plays a role when it comes to the use of biodiesel.
