Canadian Canola Supply And Demand 2008/09

Oil World estimates Canada’s canola production in the marketing year 2008/09 (Aug./July) at 11.7 mln t which is up from the 9.6 mln t produced in the previous year.

Exports are expected to reach 6.1 (5.8) mln t and crush 4.4 (4.1) mln t. This should result in higher ending stocks of 2.5 (1.5) mln t.