World Rapeseed Production, Use, Stocks

Oil World say that that 7.0 MMT of rapeseed was crushed in the EU in the first four months of marketing year 2009/10 (July/June). That is an increase of 3% from the 6.8 MMT crushed in the same period of previous season.

World rapeseed production for 2009/10 is now seen at 59.5 MMT (previous forecast 58.3 MMT, previous year 58.2 MMT), after revising Canadian output up to 11.8 MMT (10.5; 12.6), they say.

Global use is expected to reach 59.7 MMT (59.4; 55.8), including a crush of 56.3 MMT (56.1; 51.8). Ending stocks are forecast at 6.7 MMT (5.9; 6.9).