As specified, the total forecast has been reduced due to expected reduction in harvest of oilseeds in France, Germany, Romania and Poland. In particular, in Germany, the forecast of gross yield of rape was reduced by 430 million tons in comparison with the last month to 3.12 million tons, France - 370 thousand tons to 3.77 million tons.
In this regard, the assessment of import of rape seeds in the EU in 2019/20 MG analysts was increased from 5.1 million tons to a record 5.4 million tons (2018/19 MG - 4,1 million tons). It is expected that the main suppliers of oilseeds to the EU in the new season will be Australia and the countries of the black sea region.
It is also noted that the stocks of rapeseed in the countries of the bloc according to the results 2019/20 MG can be reduced to 1.3 million tons expected this season to 1.9 million tons.
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Translated by service "Yandex.Translation"
