EU Sunflower Harvest Set to Hit a Nine-Year Low, Says European Commission
Unfavorable weather conditions this season have driven the EU's sunflower yield to its lowest point in over a decade. Despite a slight increase in planted area, EU sunflower production is projected to be the smallest since 2015.
Romania, the EU’s largest sunflower producer, managed to plant a record 1,3 million hectares. However, yields have fallen drastically, with harvest volumes expected at just 1,2 million tons, down from 2 million tons last year. Poor weather has hampered the crop, despite expanded acreage.
Meanwhile, France’s yields also took a hit from prolonged rains, leading the European Commission to cut France's forecasted sunflower output by 14% to 1,8 million tons, marking a significant decline from last year.
Click here to reach our trading platfrom CMBroker
Record Sowing Area but Low Yields Across the EU
According to the European Commission, the EU’s sunflower sowing area expanded by 4% from 2023, covering 4,9 million hectares. But a steep 20% drop in yield, now at 1,67 tons per hectare, has sharply impacted production, which is set to fall by 17% to around 8,1 million tons.Romania, the EU’s largest sunflower producer, managed to plant a record 1,3 million hectares. However, yields have fallen drastically, with harvest volumes expected at just 1,2 million tons, down from 2 million tons last year. Poor weather has hampered the crop, despite expanded acreage.
Germany and France Experience Declining Yields
Germany has seen declining yields for the second consecutive year, though sunflower sowing areas remain well above pre-2022 levels. The Russian invasion of Ukraine spurred a significant increase in German sunflower planting, especially in 2022, as farmers worked to fill gaps in the oilseed supply chain.Meanwhile, France’s yields also took a hit from prolonged rains, leading the European Commission to cut France's forecasted sunflower output by 14% to 1,8 million tons, marking a significant decline from last year.
Conclusion: Caution Ahead for Sunflower Markets
Given the EU’s lower yields, buyers may face higher sunflower prices. However, if weather conditions stabilize, it’s possible the next season could see an improved yield. Farmers and suppliers are advised to manage stocks carefully to avoid shortages in the coming months.Click here to reach our trading platfrom CMBroker