PARIS (Reuters) – Early autumn showers in Europe should boost growth of rapeseed crops but have come too late to prevent an area decline in France where drought disrupted late-summer sowing, analysts and traders said.
The European Union and Britain have seen production of rapeseed, their most common oilseed crop, wane in the past two years due to adverse weather and insect problems.
In France, heavy rain since last week is not seen preventing a further decline in the crop area, after it shrank to 1.1 million hectares in the past two harvests from around 1.5 million in preceding years.
“Our estimate is that the area will be below 1 million hectares,” a French oilseed trader said.
“The rain could be good for crop emergence and may boost yield potential,