The decrease in the world rape crop harvest is expected in the next marketing year
According to data from the expects of the International grain councils, a decrease in the rape crop harvest by 1.7% during the year is expected in the world. The expected harvest level is 73.3 million tons, which is 2.1 million tons less than the previous forecast, which is mainly due to a decrease in the production of this crop in such countries as Australia, Canada and EU countries.
Such information was provided by UkrAgroConsult.
In addition, the report says that the world’s rapeseed stocks will also decrease and next year will amount to 5.4 million tons. As a percentage, a decrease by 16% is expected.
Also, rapeseed consumption in the world will amount to 74.3 million tons, which is 1.6% more than in the previous year.
It should also be recalled that the production of rapeseed and canola in the current MY may increase by 3.1 million tons, compared with the past season. The harvest is expected to be at 66.5 million tons, which may be the maximum compared to the last 3 years.
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