Coceral EU rapeseed harvest estimates just under 20 million t - rapeseed prices at the limit? The governing body of the European grain and oilseed trader COCERAL prized EU rapeseed harvest 19,93 million tonnesin its September issue. Compared to the EU Commission came in their last August estimate to 19,41 million tonnes. In both cases the estimation results well below previous forecasts, which ran over 20 million tons are. Thus the EU rapeseed harvest connecting 2012/13 to the result in the years. In the meantime obtained quantities up to 24 million tons in 2014/15 are obviously no longer reached. One important reason is the decrease in the acreagethat is brought into close connection with the prohibition of the application of Neonicotinoids. Missing pest control hampered the successful cultivation. The but more important reason for the decline of the harvest is to see yields in the low . The weather conditions were not particularly cheap in the last two years. Ausschlagegebend for the low result of the EU are the two harvests in France and Germany. In both cases, the results of over 5 million tonnes to 4.6 million tonnes fell back. Thus missing already amounts to get an EU rapeseed crop over the 20-million-ton mark decide. But also in Poland and Great Britain the last units are missing, to get the results of past years up to. Given of an already reduced consumption estimate of about 23.6 million t an import demand will in the amount of at least 3.5 million tonnes of required. The ability to supply of the world market, however, is limited due to the EU's GMO restrictions. Thus, the largest exporter largely eliminated Canada. The Ukraine, which has made itself just a weak crop on the legs but this year comes regularly into consideration. Remains still the hope of a good Australian canola harvest. Canola prices focus due to the world's tight supply situation in this sector constantly on the upper limit of the possibilities, which are connected by the competitors. These include the two market leaders in soy and palm oil. But also the low price level for crude oil limited the price margin for canola to above. On the Paris stock exchange, the brand of €380 / t seems to make the function of a resistance line.
