Canola harvest slightly upwards - corrected EU-COM Canola prices with upward trends In the latest October 2016 Edition of monthly crop estimates, which corrected EU Commission (EU COM) rape harvesting from 19.4 to 19.9 million tons. The boost is on several minor improvements in the main growing areas like France, Germany, England and Poland due to. Fell off the year's result to clear more than 15% compared to the year 2014/15. The reasons are in the decrease in the acreage and the weather conditions of low income. The issue of banning use of Neonicotinoid also contributes to the reduction of oilseed rape crops. In the two largest production areas in France and Germany are the harvest results with 4.6 million tonnes below earlier years with approximately 5 million tonnes. In both countries, there were priority which weaken due to weather conditions Flächenerträge, which have contributed to the low result. Were England and Poland both declines in areas such as loss of earnings the causes for the lower harvest result. Rape consumption must necessarily a lower offer with a decline of just under 26 million tonnes in the year 2014/15 on current 22 million tons adapt. The EUrapeseed imports should be approximately 3 million tonnes, but difficult the EU's GMO approval rules because of. To excrete large amounts of imports from Canada. There are smaller growing areas such as Ukraine and Australia. The supply potential of Ukraine is however very low due to the weak harvest. It is pinning hopes on the Australian harvest with a rising export offer. An tight supply situation in the canola market is the world's to watch the 3 year in a row. A tightening of the market situation will be expected by rain and snow in Canada, because you will need to write off probably approximately 10 to 15% of the Canadian canola crop this year. Squire rapeseed supply, a high crude oil price level and higher palm oil prices pull canola prices upwards. The gains are thwarted by an above-average high soybean oil offer as a result of a record duck to U.S. soybeans. For the upcoming EU rapeseed harvest assuming a reduced acreage, in particular in the United Kingdom a plays serious role. However, rape harvesting can take depending on the weather history yet very different developments as a result of the Flächenerträge.
