This month, Strategic Grains reduced the rapeseed production in the EU-27 for the year of 201-222 to 16.8 million tons, which is 250,000 tons or 1.5% lower than the earlier forecast of 17.05 million tons. Last month, the Strategic Grains Company cut EU rapeseed production by 90,000 tons.
Strategic Grains expects EU rapeseeds ending stocks to be 1 million tons in 2021/22, which is close to the level of 2020/21.
Rapeseed crushing profits are attractive and continue to boost demand. The EU rapeseeds crush in 2020/21 is expected to increase by 3.6% over the previous year.
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BTMA News on April 8
