Oil World estimates global 2008/09 rapeseed production at 52.4MMT up 4.3MMT
Oil World -- 2008/09 world rapeseed production is estimated at 52.4 mln t, up from the 48.1 mln t produced one year earlier.
In the EU-27 18.1 (18.17) mln t are expected, in Canada 9.4 (8.8) mln t, in Ukraine 2.4 (1.1) mln t, in China 11.3 (10.4) mln t, in India 6.4 (5.4) mln t, and in Australia 1.6 (1.1) mln t.
Worldwide use is expected to increase to 52.2 (50.5) mln t including a crush of 49.4 (48.0) mln t. This should lead to slightly higher ending stocks of 4.2 (4.0) mln t and to a stocks-to-use ratio of 8.0 (7.9)%.
Global rapeseed meal output is forecast to increase to 29.2 (28.3) mln t and exports to 3.7 (3.5) mln t. Rapeseed oil production may reach 19.8 (19.1) mln t, exports 2.3 (2.1) mln t and use 19.7 (19.1) mln t so that ending stocks are estimated at 1.2 (1.2) mln t and the stocks-to-use ratio at 6.3 (6.1)%.
In the EU-27 18.1 (18.17) mln t are expected, in Canada 9.4 (8.8) mln t, in Ukraine 2.4 (1.1) mln t, in China 11.3 (10.4) mln t, in India 6.4 (5.4) mln t, and in Australia 1.6 (1.1) mln t.
Worldwide use is expected to increase to 52.2 (50.5) mln t including a crush of 49.4 (48.0) mln t. This should lead to slightly higher ending stocks of 4.2 (4.0) mln t and to a stocks-to-use ratio of 8.0 (7.9)%.
Global rapeseed meal output is forecast to increase to 29.2 (28.3) mln t and exports to 3.7 (3.5) mln t. Rapeseed oil production may reach 19.8 (19.1) mln t, exports 2.3 (2.1) mln t and use 19.7 (19.1) mln t so that ending stocks are estimated at 1.2 (1.2) mln t and the stocks-to-use ratio at 6.3 (6.1)%.