European Union: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   E42024-0009
MY 2024/25 European Union oilseed production is forecast to decline by about one percent over the previous year with good yields. This forecast is based on the assumption of average growing conditions, lower, more average yields, but increased area which cannot make up for the lower yields. Feed use of oilseed meals is forecast down despite higher demand from the animal sector, which is projected to be met by more competitive feed grains. Food use of vegetable oils is forecast to grow whereas biofuels use is declining. The new EU Deforestation Regulation will likely impact soybean and products and palm oil markets, but it is unclear how it will impact the overall dynamics of the oilseeds market. The Russian invasion of Ukraine still brings further uncertainties.

Related Reports

On May 8, 2024, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of new and renewed biosafety certificates for genetically engineered (GE) and gene-edited events.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices further increased 1-5 percent due to the strengthening of the Thai baht and tighter domestic rice supplies.
Attaché Report (GAIN)

Australia: Dairy and Products Semi-annual

Milk production in Australia for 2024 is estimated to increase, for the first time since 2020, by 3.3 percent to 8.75 million metric tons (MMT). Industry confidence is elevated by high milk prices for dairy farmers over recent years and, also lower feed and fertilizer prices and broadly good seasonal conditions in 2024.