EU-27 soy supply is expected to rise this year again, following an expansion in production area.
Italy is seen to record the biggest increase.
The soybean output of the European Union more than tripled over the past 10 years.
According to recent information published by the EU Commission, the 2022 harvest is likely to amount to around 3 million tonnes, which would be up just less than 15% year-on-year.
In other words, EU-27 soybean production would reach a new record high level. Italy is seen to remain the largest producer within the EU in 2022, with 1.1 million tonnes currently projected.
This will translate to a 29% rise year-on-year as Italy's share in European soybean production is set to rise to just less than 38%.
The Commission also sees other member states' soy supply exceeding the previous year's level.
France, the second largest EU supplier of soybean, is expected to see a 4% production increase to 457,000 tonnes.
Austria's output is projected at 286,000 tonnes, just less than 22% more than the previous year.
German producers, who harvested a significant amount of soybeans for the first time in 2016, are expected to bring in 136,000 tonnes, around 27% more than in 2021. This means that German output will have more than tripled over the past six years. By contrast, Romania's harvest, which is currently forecast at 331,000 tonnes, will probably fall 4% short of the previous year's level.
According to Agrarmarkt Informations-Gesellschaft, the main reason for the growth in soy supply in the EU-27 is an expansion in area planted.
The European Commission currently estimates the 2022 soybean area at around 1 million hectares. This translates to an expected rise in area of just less than 9% on the previous year and would set a new record.
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