EU oilseed processing falls to 3-year low

The article highlights a significant 8% decrease in the processing of the three main oilseed crops in the EU in the first 2 months of the year, bringing the total to 8 million tons and hitting a three-year low. The decline was particularly sharp in soybeans and sunflowers, with drops of 20% each, and rapeseed experiencing an over 8% decrease. The most significant reductions were observed in France, Bulgaria, Romania, Poland, and Hungary. This downturn in production has led to market instability and a decrease in demand, but there is optimism for a potential recovery in the latter half of the year if prices stabilize and processing interest increases.

In the first 2 months of the year, the processed quantities of the 3 main oilseed crops in the EU decreased by 8% compared to the same period in 2024 to 8 million tons, reaching their lowest level in the last 3 years, according to data from the authoritative German company for market analysis and forecasts Oil World. The decline was strongest in soybeans and sunflowers - by 20% on an annual basis to 2.62 million and 1.30 million tons, respectively. The processing of these crops decreased particularly noticeably in France, Bulgaria, Romania, Poland and Hungary. In the case of rapeseed, the contraction of processing in the community was over 8% to 4.07 million tons. Analysts of the company point out that the decline in the processed quantities of oilseed crops ...