USDA World Rapeseed Numbers

10/05/12 -- The USDA are forecasting a world rapeseed crop very similar to that of the past couple of seasons at 60.4 MMT in 2012/13.

A sharp drop in the crop here in Europe, down almost 6% to 18 MMT is seen being compensated for by a near 9% increase in production from Canada to 15.4 MMT.

World and EU-27 rapeseed ending stocks are forecast at nine year lows in 2012/13. World stocks will slump 32% to 2.86 MMT – less than half of where they were two years ago. Europe’s stocks meanwhile will more than halve from where they are expected to be at the end of this season to just 675,000 MT.