German Winter Rapeseed Area Seen Rising 9.1% by UFOP on Weather

German farmers increased planting of winter rapeseed for harvesting next year by 9.1 percent in response to higher prices and favorable weather, according to the country’s oilseed-industry association.

Winter rapeseed was sown on an estimated 1.42 million hectares (3.5 million acres), against 1.3 million hectares harvested in 2012, the Union zur Foerderung von Oel- und Proteinpflanzen e.V., or UFOP, wrote in an online statement.

Rapeseed climbed 11 percent in the past year in Paris trading on NYSE Liffe after crop prospects deteriorated in Australia and Canada. Germany is the European Union’s second-largest grower of the oilseed after France.

“Across Germany, favorable weather and attractive rapeseed prices led to an increase in rapeseed cultivation,” UFOP wrote. “Especially in the north, farmers took advantage of the good sowing conditions in August and September.”

UFOP’s estimate was based on a survey of 5,075 farmers in September and October, according to the statement.

The biggest jump in sowing was in the state of Schleswig-Holstein, with winter-rapeseed planting climbing 75 percent to an estimated 107,000 hectares, according to UFOP. Germany’s largest growing state is Mecklenburg-Western Pomerania, where planting rose 21 percent to 241,000 hectares, the group wrote.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE