USDA survey for December 2021 highlights Canada's rapeseed production decline 2021/22 outlook
Canola Seed & Rapeseed
Canada
Published Dec 11, 2021
Tridge summary
Declining rapeseed production in Canada * Balance tables is available on the links. Rapeseed production in Canada in 2021/22 is projected to decline 400,000 tonnes this month, to a 14-year low of 12.6 million. With initial stocks already limited due to strong demand over the past few years, a smaller crop reduces available supplies for both production and export, according to oilworld.ru citing the USDA.
Original content
Declining rapeseed production in Canada * Balance tables are available on the links. Rapeseed production in Canada in 2021/22 is projected to decline 400,000 tonnes this month, to a 14-year low of 12.6 million. With initial stocks already limited due to strong demand over the past few years, a smaller crop reduces the available supply for both production and export, oilworld.ru reports citing the USDA. The drop in rapeseed exports from Canada in the first 3 months of 2021/22 affected all its main directions. Exports to the EU fell by almost two-thirds, with the UAE declining 50 percent and China and Japan falling 40 percent. Markets in North America experienced a more moderate decline, with Mexico down 12 percent and the United States just 4 percent. With limited global supplies and a sharp drop in Canadian exports, large importers are likely to turn to Australia to offset the displaced imports. Unlike Canada, Australia's rapeseed production is revised to 500,000 tonnes in 2020/21 ...
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