European Union: Oilseeds and Products Annual

Despite increased area, oilseed production in marketing year 2022/23 is forecast to show only a small increase due to lower average yields than in the previous marketing year. Like in other sectors, the Russian invasion of Ukraine significantly impacts the oilseeds market. In addition to the uncertainties in the Black Sea area, high input prices and the scarcity of input materials, such as energy, fertilizers, and pesticides put a lot of pressure on the market and further increase the already tight situation.