European Union: Oilseeds and Products Update

This report updates several sections of the European Union’s “Oilseeds and Products Annual” report released in April 2022. Updated sections include soybean, rapeseed, and sunflower. Increased areas of about 10 percent for all three major oilseeds but lower average yields for sunflower, and rapeseed are forecast to result in a total of about 3 percent higher production in MY 2022/23. The ongoing Russian invasion of the Ukraine, high and volatile prices for input and products, as well as hot and dry conditions in many regions of the EU cause significant uncertainties regarding future developments.