Following the 2017/18 harvest results, the European Commission upwardly revised EU rape plantings against its preliminary estimates published in the spring. October’s estimate equals 6780 Th ha against 6620 Th ha expected in April 2017 (up 4% from the five-year average). Only the 2010/11 season witnessed a larger area (7000 Th ha).
Rapeseed production amounted to 22.29 MMT that is also a second high after the bumper-crop season of 2014/15 (24.27 MMT).
Rapeseed purchases by the EU from third countries hit an all-time high of 4.7 MMT in the 2016/17 season. The rich harvest of 2017 will make it possible to reduce imports from third countries to 3.46 MMT (down 1.24 MMT). Also, it will promote domestic trade between EU members.
Romania continues building up its presence in rapeseed supplies both within the EU and to external markets. On this way the country relies on further expansion of planted acreage and increasing own production, reports UkrAgroConsult.
The conference will take place on April 18-19, 2018 in InterContinental hotel, Kiev, Ukraine. Organizer – consulting agency UkrAgroConsult, General Sponsor – ACTAVA TRADING, supported by GAFTA and Ukrainian Grain Association.