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European Union 28 - Oilseeds and products, annual report


Vienna, Austria
March 31, 2014

USDA/FAS GAIN report AU 1407

Report Highlights:

Total EU-28 oilseed production for marketing year (MY) 2014/15 is expected to reach 31.3 million metric tons (MMT), a decrease of 0.6 percent year-on-year. Rapeseed production is forecast to increase by 0.5 MMT to a record of 21.6 MMT. Sunflower production is anticipated to be down by 0.8 MMT at 7.9 MMT. Ample global soy supplies, combined with a growing European poultry and swine sectors, are expected to drive the use of soybean meal in animal feed.

Executive Summary:

Production

Total European Union (EU) oilseeds area in MY 2014/15 is forecast to increase by about 1 percent to 12.1 million hectares (ha). The increase is a result of increased rapeseed, cottonseed and soybean area, while sunflower area is estimated to decline. However, conservative yield expectations, especially for sunflower, lead to a decline in total oilseeds production of 0.6 percent to 31.3 MMT. With a share of about 70 percent, rapeseed production remains the most important oilseed crop produced in the EU. The major increases in rapeseed acreage are expected in Romania and France, which will more than offset lower acreage in Poland, Germany, the Czech Republic and the United Kingdom. Rapeseed production is forecast to increase by 0.5 MMT and reach a  record of 21.6 MMT. Sunflower seed production is estimated to decline to 7.9 MMT (minus 0.8 MMT) due to reduced acreage in Romania, Bulgaria and France and a return to more average yields compared to high yields in MY 2013/14. Although not a widely planted oilseed in Europe, soybean area is expected to increase, driven by the growing demand for non-biotech and locally produced protein feed. Total soybean production is forecast to be flat at 1.2 MMT. Total EU-28 oilseeds crush is estimated to be almost stable (minus 0.1 percent) which is a result of flat rapeseed crush, decreased sunflower seed crush but increased soybean and cottonseed crush.

Consumption and Trade

The EU-28 is highly dependent on imports of oilseeds and oilseeds products (protein meals and vegetable oils) to meet demand for food, feed and industrial uses, including biofuel production. This is especially true for oilseeds with no or limited domestic production, such as palm and soybean oil. Some 70 percent of soybean meal and almost 50 percent of sunflower meal must be imported. Only the production of rapeseed meal is on an average somewhat higher than demand. Total EU-28 oilseeds meal consumption in MY 2014/15 is estimated to be up by 0.8 percent year-on-year reaching 51.1 MMT. The anticipated recovery of the European swine industry and longterm rising consumer demand for poultry meat are driving higher demand for protein feed. Ample world supplies of soybeans and soybean meal, leading to competitive prices, favor the use of soybean products. Use of sunflower meal is expected to decline because of lower availability. Total use of vegetable oils is forecast to be stable at 24.4 MMT. The production of biodiesel, the second largest use of vegetable oils after food, is still expanding, although at a much slower pace than previously anticipated. Most EU-28 biodiesel production uses rapeseed oil as the main feedstock. However, palm oil, because of its price competitiveness, has been increasingly used in biofuels production, particularly in The Netherlands. The use of palm oil in biofuels production is anticipated to plateau since the major producer in Rotterdam is at full capacity.

Policy

The EU is dependent on imported protein feed and some policy makers see this as a food security vulnerability and they may also link negative environmental and social issues to foreign soybean production. For example, on March 7, 2011, a Member of the European Parliament, Martin Häusling, released a report titled, “EU Protein Deficit: what solution for a long standing problem” that encourages policies designed increase domestic production of vegetable proteins as a substitute for imports.

Full report



More news from: USDA - FAS (Foreign Agricultural Service)


Website: http://www.fas.usda.gov/

Published: April 4, 2014

 
 

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