30.
08.16
14:52

Less rape in Germany, still weak prices of rapeseed

BMEL estimated canola crop only to 4.65 million tonnes - yet rape rates go back The Federal Agriculture Ministry (BMEL) has estimated the German rapeseed crop to 4.65 million tonnes in the preliminary harvest report . 5.07 million tons were harvested in the previous year. The long-term average is at 5.22 million tonnes. The result of this year's crop remains so considerably below previous harvests back. It has failed the harvested area + 3.9% greater than in the previous year. The key factor are 10.5% decline Flächenerträge. The unfavorable weather development has contributed significantly in the income decisive months from mid-April until the end of June. In growing regions there have been different results. In the most important areas Schleswig-Holstein (SH), Mecklenburg-Vorpommern (MV), Brandenburg (BB) with 30% share of the German harvest lower yields of-16 to-31% identified. Positive harvest results between + 6.6% and + 12% were achieved due to the above-average area in Bavaria, Hesse, North Rhine-Westphalia, Saxony-Anhalt and Thuringia . However, positive Flächenerträge between 3.7 to 5.6% have been achieved only in Saxony-Anhalt and Thuringia . Not only the German rapeseed crop is slightly down. Significantly reducing harvesting have been identified in the significant other producing countries such as France, Great Britain and Poland, also. The entire EU rapeseed crop should have delivered only about 20 million tonnes according to preliminary estimates. More than 3 million tonnes imports will be necessary to cover the consumption. Despite weak global supply situation on the canola sector canola prices barely increase chances will have. The competition from Palm oil and soybean oil is strong enough to keep the Raps(öl)Preise under pressure with low crude oil prices. Should be however crude oil, palm oil and soybean oil other than the present conditions occur, almost immediately on the rapeseed prices niederscwill hlagen the changes.

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