Oil World Drops Rapeseed Production Estimate
Oil World has revised lower it's forecast for worldwide rapeseed production in 2009/10 to 54.4 MMT, 0.8 MMT below last month’s forecast of 55.2 MMT, and 6.2% or 3.6 MMT down on the 58.0 MMT produced last year.
The reduction comes on the back of lower Canadian output due to drought. Production in Canada is now seen at 10.2 MMT, from 11 MMT last month and 12.6 MMT a year ago.
Production in the EU-27 is expected at 18.5 MMT from 18.9 MMT last year, they say.
The reduction comes on the back of lower Canadian output due to drought. Production in Canada is now seen at 10.2 MMT, from 11 MMT last month and 12.6 MMT a year ago.
Production in the EU-27 is expected at 18.5 MMT from 18.9 MMT last year, they say.