COCERAL Cuts EU 2018 Oilseed and Grain Crop Forecast

European agricultural products trade association COCERAL has cut its forecast for the 2018 EU oilseeds and grain crop due to the abnormally hot and dry weather experienced in the bloc this summer, according to Oils & Fats International.  

COCERAL revised its forecast down from the 299.1 million tons in July to only 283.5 million tons, significantly below the 300.2 million tons crop harvested in 2017.  The projection for rapeseed production was revised down from 21.1 million tons to 19.4 million tons, while in 2017, production was 21.9 million tons.