EU Commission estimates rape harvest to 21.5 million tonnes - larger crop area smaller yields In the most recent July issue, the EU Commission estimates the EU rapeseed harvest to remain unchanged at 21.6 million tonnes compared to the previous forecasts. This year's result remains, however, in the lower midfield of earlier years. Based on an increased cultivation area, the forecasts of the agricultural meteorological institute (MARS) are based on the estimates.MARS uses the climate data of the past to determine the potential income potential in the individual EU Member States. Below average crops are anticipated in France, Belgium and Italy. In Germany and the Czech Republic are down 5 to 10% lower Results compared to a 5-year mean predicted. In Great Britain and Ireland, less rapeseed is produced because of the lower cultivation area. On the other hand, the South-East European countries show markedly better prospects for an above-average rapeseed harvest. EU-EU estimates EU rapeseed consumption to be almost 25 million tonnes.In order to meet the shortfall in their own country, 3.5 million tonnes of imports . The deliveries mainly come from Australia, Ukraine and Canada . Low harvests are expected in all countries so that the available export volumes are limited. Recent news from Canada talks of weather-related adverse effects on the expected recorders. The development of the euro is of crucial importance for EU rapeseed import prices . The current high level of 1.17 $ / € favors import prices with a corresponding impact on the domestic market. The fundamental influence stems from the increased crude oil price .Currently holds But the increased soybean oil labeling the rap prices high. Also the increased value of the palm oil courses provides strong support for at least stable rap prices. However, uncertainties remain. The US soya harvest comes in the month of August in the decisive stage of the production process , the result of which is strongly influenced by the weather. The palmwood production is still on the ascending branch up to the months Oct./Nov . into it. Recent political support has also given rise to the risks of further crude oil prices.The field of opposing influencing factors remains highly strained for the upcoming rapeseedings .
