Ottawa, Canada
November 30, 2006
Agriculture and Agrifood Canada
Bi-weekly Bulletin Volume 19 Number 17
Canola: situation and outlook
SUMMARY
For 2006-2007, world production of
rapeseed/canola is forecast to decrease slightly from 2005-2006,
resulting from lower output from Canada and China. In Canada,
lower production was partly offset by high carry-in stocks for
2006-2007, resulting in high supply for the second consecutive
year. Canadian exports are forecast to increase to a new record
from 2005-2006 and domestic crush is expected to rise
marginally, following the expansion of the domestic processing
industry. Canola prices are forecast to average 30-40% above
2005-2006, supported by the rise in United States (US) soybean
prices and European Union (EU) demand for biofuels. This issue
of the Bi-weekly Bulletin examines the situation and outlook for
canola.
Full report:
http://www.seedquest.com/News/releases/2006/pdf/17715.pdf |
