France Rapeseed Exports Seen Falling 41% on Domestic Use
French rapeseed exports are forecast to slide 41 percent in the year through June to the lowest level in at least six years as domestic use climbs, crop office FranceAgriMer said.
Shipments may drop to 1 million metric tons from 1.71 million tons, with most shipments to European Union countries, the crop office reported on its website today.
French farmers took in 5.43 million tons of rapeseed this year from 5.35 million tons last year, the biggest harvest since 2009, the crop office estimates. The country is the European Union’s biggest grower of the oilseed.
Domestic rapeseed crush is forecast to climb to 4.8 million tons from 4.24 million tons in 2011-12, according to FranceAgriMer, based in Montreuil-sous-Bois, cutting ending stocks to 205,000 tons from 215,000 tons at the end of June this year.
France’s exports of sunflower seeds are seen falling to 400,000 tons from 428,000 tons, with domestic crush dropping to 1.25 million tons from 1.5 million tons, the data showed. The country’s harvest of sunflower seeds is forecast to slip to 1.69 million tons from 1.89 million tons, the crop office said.
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