Strategie Grains lifts EU 2014 rapeseed forecast to new record

Crop consultancy Strategie Grains has raised its estimate of the 2014 rapeseed crop in the European Union to 23.8 million tonnes from 23.2 million last month, as the tail-end of this year’s harvest confirmed record production.

Like other forecasters, Strategie Grains had already anticipated that the EU rapeseed crop would break a previous record of near 22 million tonnes, after good growing conditions this year across the 28-country bloc.

Strategie Grains’ revised estimate put 2014 output nearly 13 percent above the 21.1 million tonnes harvested last year.»