The EU will harvest the largest soybean crop in 6 years

This year’s soybean harvest in the European Union will be about 2.8 mln tonnes, up 16% from last year, and will be the largest in the last six years. It is reported by Oils & Fats International with reference to the forecast of the Union for the Promotion of Oilseeds and Protein Plants (UFOP).

Italy is expected to remain the largest producer in the EU in 2023 with the projected harvest of 1 mln tonnes (+15.6% compared to last year).

France, the second largest supplier in the EU, is expected to grow by 17% to 438 thousand tons.

Romania’s harvest, which is currently forecast at 394 thousand tons, will increase even more – by 63% compared to 2022.

Production in Croatia and Hungary is forecast to reach 251 thsd tonnes and 171 thsd tonnes, respectively, an increase of 30% and 35%.

In contrast, producers in Germany are expected to harvest about 24.8% less than last year – 91 thousand tons.

Similarly, the harvest in Austria, which is projected at 212 thousand tons, is expected to be 14% less than last year.

The projected increase in the total supply of soybeans in the EU will be due to higher yields, as the soybean area in the EU – 994 thsd ha – will be 98 thsd ha less than last year.

Tags: soybean, Italy, Hungary, Austria, Croatia, crop forecast, Romania, EU, France