Romania: USDA projects 36% bigger oilseed production
The US Department of Agriculture (USDA) estimates a 36% increase in oil plant production (sunflower seeds, rapeseed, and soybeans) to 4.2 mln tonnes in Romania, amid favorable weather conditions and 7% larger cultivated areas.
In total, Romania could export about 2.6 mln tons of oilseeds, 43% above the level of 1.8 mln tons estimated for the marketing year 2021/2021 which will end this month.
In 2019/2020, Romania exported around 2.3 mln tons, by 24% over 2020/2021.
"We expect that rapeseed production will increase by 59%, sunflower production by 29%, and soybean production by 36%. Robust demand for oilseeds in other EU markets will draw about 90 percent of Romania's exportable stocks," a recent USDA report said.
www.romania-insider.com 22 June 2021