EU Commission Raises 2026/27 Oilseed Production Forecast by 220,000 Tons

🌾 Breakdown by Oilseed Variety

• Rapeseed: Production is expected to reach 20.85 million tons, up from last month's estimate of 20.78 million tons and significantly higher than the previous year's 20.18 million tons.
• Soybeans: Output is projected at 2.79 million tons, slightly higher than last month's forecast of 2.75 million tons, but slightly lower than the previous year's 2.82 million tons.
• Sunflower Seeds: Production is estimated at 8.91 million tons, an increase from the previous forecast of 8.80 million tons and the prior year's 8.72 million tons.

📊 Supply and Demand for Oilseeds

• Imports: Total oilseed imports for 2026/27 are projected at 20.82 million tons, slightly up from last month's estimate and a 2.1% increase year-on-year.
• Crushing: The crushing volume is expected to reach 48.21 million tons, higher than the previous forecast of 48.00 million tons, marking an increase of 1.69 million tons (or 3.6%) from the previous year.
• Ending Stocks: Forecast to remain at 2.86 million tons, unchanged from last month but a 4.9% decrease compared to the previous year.

🧱 Oilseed Meal Outlook

• Production: Estimated at 30.46 million tons, an upward revision of 120,000 tons (0.4%) from last month and a 3.2% increase year-on-year.
• Imports: Projected to remain flat at 20.20 million tons, representing a 0.9% increase from the previous year.
• Domestic Use: Expected to reach 48.47 million tons, up from last month's estimate of 48.32 million tons and an increase of 620,000 tons (1.3%) year-on-year.
• Ending Stocks: Expected to remain stable at 490,000 tons, unchanged from both last month and the previous year.

🛢️ Vegetable Oil Outlook

• Production: The output of vegetable oils (rapeseed, sunflower, and soybean oil) is forecast at 16.85 million tons, an increase of 70,000 tons from last month and a rise of 710,000 tons (4.4%) from the previous year. This upward revision is primarily driven by a 48,000-ton increase in sunflower oil production and a 26,000-ton increase in rapeseed oil.
• Imports: Total vegetable oil imports are expected to hold steady at 5.86 million tons, a decrease of 290,000 tons (4.8%) from the previous year.