Coceral expected a EU rapeseed harvest of 22 million tonnes - import demand remains high The European umbrella organization of the grain and oilseed trader has in his recent publication predicts a canola crop for the EU amounting to approximately 22 million tonnes . The estimate is based on an almost unchanged area of 6.4 million ha and a yield expectation of 34.2 dt / ha. Thus, Coceral emanates from around 0,5 dt / ha larger Flächenerträgen. Total rape harvesting this year's should be 0.3 million tonnes higher than last year. The main cultivation regions in the EU is concentrated on a few countries, such as Germany, France, Poland and the United Kingdom. Together a lot of production of 15 million tonnes or about 68% accounted for by these 4 countries. Estimates for Germany Coceral should a crop of 5.34 million tonnes, falling from 6.3% higher than in the previous year. In addition to increased acreage, also the higher yield expectations contributes to this outcome. France canola crop is seen at the same level of 5.2 million tonnes in the previous year. An about larger growing area is offset by lower revenue assumptions. Rainy weather in France has contributed significantly to this cautious assessment. Cannot be ruled out are more earnings. In Poland and the United Kingdom are expected to lower rapeseed crops. Return the British harvest to 2.15 million tons of 2.55 million tonnes. The reduction of the cultivated area by more than 10% is from Schlage giving. The reason lies in the lack of availability of plant protection products of the Neonicotinoids. It has British farmer for restraint in cultivation moved because they fear greater insect damage. A slightly higher yield expectation doesn't negate the areas decline. Polish canola crop is estimated at 2.45 million tonnes. In similarly large acreage as in the previous year the crop by 8.2% to fail due to yield less. In this case partial Dewinterizing damage and regional precipitation deficits have played a role. Larger and smaller harvests of rapeseed are almost mutually compensate in other areas. As a whole remains EU a net import area in the order of approximately 3 million tonnes. However, the imports are not easy to obtain. The origins of the Ukraine will be likely minimal, because the Black Sea country due to autumn dryness has lost more than 40% of its usual harvest. Australia, which expects a greater harvest of 3.1 million tonnes larger delivery opportunities. A scarce supply situation Although hopes high rape rates , but are closely limited by strong competition from Palm oil and soybean oil . Ultimately, even the crude oil and the euro exchange rate play a role in the price formation.
