European Union - Oilseeds and products, annual report - Ample soybean world supplies to boost EU-27 soybean meal consumption
European Union
May 4, 2013
USDA/FAS GAIN report AU 13002
Ample soybean world supplies to boost EU-27 soybean meal consumption
Report highlights:
Total EU-27 oilseed production for marketing year (MY) 2013/14 is expected to reach 29.7 million metric tons (MMT), an increase of 8.6 percent. Increased production will come primarily through higher rapeseed acreage, especially in Germany, and through a return to normal sunflower seed yields, which were down last season due to drought conditions in major producing countries. Ample global soy supplies, combined with increases in EU-27 poultry and swine, are expected to increase the use of soybean meal in animal feed starting in the second half of MY 2012/13 and continuing into MY 2013/14.
Full report
More news from: USDA - FAS (Foreign Agricultural Service)
Website: http://www.fas.usda.gov/ Published: May 7, 2013 |
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