Recent news of our company

6 May 2016

EU: Canola Crop Expected to Decrease in 2016

According to some European analysts, the production of rapeseed seeds in the EU will decrease to 21.2-21.4 mln. tons this year as compared to 22 mln. tons a year earlier, Reuters reported.
In particular, in Poland, the gross yield of this oilseed may be reduced to 2.45 mln. tons (-22% per year) due to the early frost in the winter and the cold weather in late April, when rapeseed had entered the flowering stage in a number of regions of the country.

In France, a slight decrease in oilseed crop is expected because of destruction of crops by fungal disease and insects. In this regard, the ODA analysts have reduced rapeseed production forecast in the country from 5.4 mln. tons to 5.2 mln. tons against 5.3 mln. tons in 2015.

In the UK, a slight decrease in the volume of the crop is also expected due to the reduction of the cultivated area occupied by rapeseed by 10% per year due to a weak demand from processors for this oilseed. In addition, a reduction in crop yields due to its destruction by pests is forecast.

At the same time, the rapeseed crop in Germany may increase by 0.6% or to 5.03 million tons, as recent frosts have not caused any substantial harm to the crop.

It is also expected that the decrease in the gross harvest of rapeseed in the EU will increase its dependence on imports of products from Ukraine, Australia, and Canada. However, the low crop of this oilseed in Ukraine in the current year may lead to a lack of its supply in the world market.


22 April 2016

Sunflower Sowing Area to Increase Worldwide in 2016/17

According to the forecasts of Oil World analysts (Germany), the sunflower sowing area is expected to increase significantly worldwide in 2016/17 up to 25.64 million hectares against 24.61 million hectares of the previous season.
The main area expansion for the sowing of oil-bearing crops will be in Russia (up to 6.9 (6.53) million hectares) and in Ukraine (up to 5.75 (5.3) million hectares), which is due to the reduction of winter crops. In addition, the relatively low cost of production of sunflower, as well as a strong demand for the products of processors will also help increase the sowing areas of this crop.
EU farmers will also expand the area of oilseed sowing; however, this growth will be limited due to the expansion of winter crops. For example, a significant growth of this indicator is expected in Hungary due to the reduction of corn crops. Romanian farmers are planning to cultivate a smaller area than last year while their colleagues in France and Bulgaria will not change the sowing area in their countries as compared to last year’s values.
Furthermore, in the current year sunflower sowing will be accentualized by Argentina thanks to the liberalization of its agriculture complex and to the devaluation of its national currency; the crop area will increase by 0.25 million hectares and will constitute 1.5 million hectares. Some analysts believe, however, that the abolition of taxes on exports of sunflower and its by-products may cause the oilseed crop area in Argentina to increase to 1.6-1.8 million hectares.