Romania’s rapeseed crop this year could be 52 percent higher than in 2013, helping the EU achieve a better than expected crop, according to Oil World, quoted by Agerpres.

The large crops in Romania, Germany and UK might help the EU exceed estimations, and reach a record level of 22.7 million tonnes.

Romania’s production could reach 1 million tonnes, 52 percent higher than in 2013. Germany, the largest rapeseed producer in the EU, the crop could stay at 5.9 million tonnes this year.

Rapeseed futures prices were down last week on the Euronext, to EUR 326 a ton, as crops have been going up.

editor@romania-insider.com 

(photo source: Wikipedia)