The producer price of rapeseed rose by 11 percent

By: STA Date: 2024. 10. 01. 09:00

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

According to the United States Department of Agriculture (USDA), the global production of rapeseed and canola may be 2 percent lower than a year earlier, reaching 87.6 million tons in 2024/2025. financial year. The use can be put at 89 million tons. By the end of the economic year, 8.3 million tons of rapeseed (-19 percent) may remain in storage.

(Photo: Pixabay)

According to Tallage, rapeseed can occupy 5.8 million hectares in the European Union in 2025/2026. annual season. In France, which is 1.5 percent behind, the seed can be planted on 1.3 million hectares. In Germany, the sowing conditions are ideal, the area occupied by the plant can be 2 percent larger than a year ago, 1.1 million tons of hectares. In Poland and the Central European member countries, heavy rains have an adverse effect on sowing work and on plants that have already sprouted.

Due to unfavorable weather, sowing in Romania and Bulgaria may be delayed until the end of October

In Poland, the sown area may decrease by 4 percent (960 thousand hectares), while in Romania it may increase by 80 percent (700 thousand hectares). According to the data of AKI PÁIR, the producer price of rapeseed without VAT and transport costs was HUF 181.2 thousand/ton in the third week of September, which was 11 percent higher than a year earlier. On the Paris commodity exchange (Euronext/MATIF), the November settlement price of rapeseed was in the range of 458-480 euros/ton between September 16 and 27.

AKI PÁIR