Margarine and cooking oil prices may increase due to weak colza crop

Partly due to the low spring rainfall, the European Union's colza production may decrease to 19.5 million tonnes, from last year's 20.59 million tonnes. This can be the lowest level in three years – considers the expert of the Hamburg-based Oil World agricultural research institute.

The institute expected 20.13 million tonnes of colza crop for April, but according to the recent reports, winter frosts were larger than estimated previously and spring drought also caused severe damages as well – reports szabadfold.hu.