World Rapeseed Production Lower In 2009/10

Oil World say that global rapeseed production for 2009/10 will fall to 55.0 MMT, from 58.3 MMT in 2008/09.

The fall comes mainly on the back of lower output from Canada at 11 MMT from 12.5 MMT and Ukraine at 1.5 MMT from 2.9 MMT.

EU-27 production is also seen down 0.5 MMT to 18.4 MMT.

World crush is projected sharply higher at 54.6 MMT, up from 51.8 MMT, resulting in lower ending stocks of 5.0 MMT from 7.7 MMT.