World: The USDA predicts a decrease in the yield and processing of rapeseed in Ukraine

This is stated in the report of the US Department of Agriculture (USDA) for May. “Canada is expected to regain its position as the largest producer in the world after being overtaken by the European Union in the past 3 years. The EU is expected to face a significant decline in rapeseed production. In addition, it is expected that the growth of production in Australia and Bangladesh will largely compensate for the losses in Ukraine and India," experts predict. Meanwhile, global canola stocks are expected to decline to 7.8 million tonnes (-4%), with Canada and Australia reducing stocks amid rising exports. World exports will increase to 17.64 million tons (+6%) due to increased production in Australia. Canadian exports will also increase due to increased demand in the EU due to a smaller crop. "The global volume of rapeseed processing will not change: growth in Canada and Bangladesh will be offset by a decrease in China, Ukraine and Great Britain," analysts predict. At the same ...