Hungary has become the largest sunseed producer in the EU for the first time
The European Commission has slightly lowered its sunseed crop forecast, according to its February assessment of the 2024 oilseed crop.
According to the latest data from the EU Commission, the Union is expected to harvest about 8 million tons of sunflower seeds in 2024, 7,000 tons less than expected at the end of December. This means that the gap compared to the previous year’s volume has widened to 18%, as unfavorable weather conditions during the year significantly limited producers’ potential income and led to lower plantings.
According to the Union for the Promotion of Oilseeds and Grains, founded by the German Farmers’ Association (UFOP), the decisive factor in the downward correction is the lower German harvest. The commission forecasts the country’s harvest at 127,000 tons, down 7,000 tons from December. That’s 25% less than in 2023, but still nearly 20% above the five-year average. Many farmers significantly increased their crops in 2022 due to the sharp rise in producer prices, but cut back again the following year.
Romania’s harvest will be 1.2 million tons, about 38% less than in 2023. Despite the record area, it will be the smallest harvest in 15 years. The country is unable to maintain its leading position and drops to fourth place among the largest producers. Hungary climbed to the top spot for the first time, although it harvested 1.7 million tons, probably 13% less than the previous year’s volume. In France, heavy rainfall had a significant impact on crop development and ultimately on the harvest, according to Agrarmarkt Informations-Gesellschaft (mbH) research. Current estimates put production at 1.7 million tons, making the country the second largest producer in the Community, even though the crop was about 18% smaller than the previous year.
Earlier Strategie Grains lowered its forecast for EU sunflower seed production in the new 2025/26 season to 10.4 million tons, while its estimate for rapeseed was raised from 18.74 to 19 million tons.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Turkey warns Ukraine and Russia against further attacks on ships in the Black Sea
More than 20 thsd freight wagons accumulate at Ukraine’s western rail border...
World Bank forecasts 10% rise in food commodity prices in 2026 amid global risks
Wilmar’s profit falls 25% as soybean crushing margins weaken
Brazil’s wheat imports could reach 10 mln tons, a 30-year high
Write to us
Our manager will contact you soon