Farmers’ appetite for rapeseed is fuelled by the 20-30% profit margins obtained from this type of crop, which represents a market segment that generates EUR250-300 million each season.
This year’s rapeseed harvest hit an all-time high and farmers who bet on this crop raked in solid gains. The record high harvest was doubled by a much slower price decline than in the case of other raw materials such as wheat or corn.
Rapeseed receipts are set to follow an upward trend next season considering the area cultivated with rapeseed in Europe slid by 3% this autumn, to 6.5 million hectares.
Romania was this summer the EU’s sixth largest rapeseed producer, with a crop of 1.1 million tons, and the fourth largest exporter.
(English version by Catalina Apostoiu)