Strategie Grains sees rebound in EU rapeseed and sunflower crops next year
PARIS, Nov 29 (Reuters) -European Union production of rapeseed and sunflower seed should rebound sharply in 2025 after adverse weather cut this year's crops, consultancy Strategie Grains said on Friday.
In its first projections for next year's oilseed output, the firm forecast the EU rapeseed harvest at 18.7 million metric tons, up 12% from a four-year low of 16.7 million in 2024.
For sunflower, 2025 production was pegged at 10.5 million tons, up 25% from a nine-year low of 8.4 million expected in 2024.
This year's rapeseed crop suffered from repeated heavy rain in western Europe, while the sunflower harvest was hit by drought, heatwaves and torrential rain in southeast Europe.
For the next rapeseed crop, sowing conditions "were not ideal" because of too much or too little rain in production belts, but were still better than a year ago, Strategie Grains said in a summary of an oilseed report.
Larger rapeseed harvests were anticipated next year in Romania, France, Germany and the Baltic States, it said.
The consultancy did not give further details on its rapeseed outlook, but it has previously forecast a 4% increase in the area sown with rapeseed.
For sunflower seed, Strategie Grains also anticipated an expansion in area as it expected farmers to be attracted by high prices fuelled by this year's poor crops in Europe and the Black Sea region.
It saw potential for next year's sunflower area to reach its second-highest on record after 2022, when Russia's invasion of Ukraine disrupted the market and prompted more planting by EU farmers.
Strategie Grains' estimate of this year's EU sunflower crop was down from 8.8 million expected a month ago and its latest downgrade to the harvest.
It projected that weather-hit supply will lead to an all-time low in the ratio of EU stocks against consumption this season, despite an easing in industrial demand linked to rising sunflower prices.
Rapeseed stocks were also seen tightening this season, but prices may be curbed if U.S. President-elect Donald Trump implements a proposed tariff on Canadian imports, which could depress prices of Canadian rapeseed, Strategie Grains said.
Reporting by Gus Trompiz; Editing by Jan Harvey
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