date:Sep 13, 2013
t from the previous year. The world canola/rapeseed harvest is forecast around 66 million tonnes, up nearly 7 percent, while global palm oil output of 58 million tonnes also looks to rise 5 percent, according to USDA.
There are few worries, however, that canola demand can keep pace with supply.
The cupboard was pretty bare at the end of (2012/13), so I don't see us having a huge excess of production lying around, said Kevin Price, senior trader for the Canadian office of Singapore-based Agroco