Soybean/Rapeseed World Demand 2008/09
Oil World now expects global soybean production to reach 224.4mmt in 2008/09, which is 8.8mmt below its previous forecast of 233.2mmt, but still above the 221.7mmt produced in 2007/08. Global use is projected at 227.7mmt it says and ending stocks at 59.3mmt, down from 62.4mmt a year previously.
World rapeseed production is now estimated at 58.0mmt, up slightly from the 57.5mmt estimated in December, and 18% higher than the 48.7mmt produced in 2007/08. Total use is seen at 55.3mmt (50.6mmt a year previously) and ending stocks at 7.2mmt (from 4.5mmt).
World rapeseed production is now estimated at 58.0mmt, up slightly from the 57.5mmt estimated in December, and 18% higher than the 48.7mmt produced in 2007/08. Total use is seen at 55.3mmt (50.6mmt a year previously) and ending stocks at 7.2mmt (from 4.5mmt).
