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European Oilseed Production Seen Dropping 2% by Copa-Cogeca

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Oct. 2 (Bloomberg) -- Oilseed production in the European Union will drop 2 percent from the previous season, as soybean and sunflower output declines, Copa-Cogeca said.

The total oilseed harvest in the 2012-13 season may be 28.18 million metric tons, down from 28.76 million tons a year earlier, the Brussels-based farm lobby said today in an e-mailed report. Production of rapeseed, the 27-country bloc’s biggest oilseed crop, was estimated at 19.33 million tons, up about 1.9 percent from a year earlier on larger harvests in France and Germany, the EU’s largest growers, according to the report.

Sunflower production was estimated at 7.77 million tons, down 7.9 percent from the previous season, as lower planted acreage in France, the biggest grower, spurred a drop in output, according to the report. The sunflower harvest in Spain, which experienced drought this year, was 38 percent smaller than the previous season. Output also declined in Italy and Hungary.

EU soybean production may be 974,800 tons, down 21 percent from the previous season, Copa-Cogeca said. Crops in Italy, France, Austria and Hungary are smaller than the previous season, according to the report.

On Sept. 28, Copa-Cogeca released its estimate for EU soft wheat production at 126.1 million tons, down 1.8 percent from the previous season. The bloc’s total grain harvest, including corn, barley and oats, may be 280.5 million tons, it said.

To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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