European Union: Oilseeds and Products Update

This report updates several sections of the European Union’s “Oilseeds and Products Annual” report released in April 2023. Updated sections include soybean, rapeseed, and sunflower. An area-increase of about 2 percent and increased average yields are forecast to result in a 6 percent higher production of total three major oilseeds in MY 2023/24. Compared to the previous MY, where heat and drought significantly reduced yields of especially late crops, soybean production is forecast to be over 16 percent up, sunflower production 12 percent up, and rapeseed production almost 2 percent up.