Australia: Oilseeds and Products Annual
Australia normally produces around four million MT of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of the total. In 2016/17, Australian production of canola is forecast by Post at 3.3 million MT, reflecting an expansion in area and forecasts of better seasonal conditions over the year. In 2016/17, production of cottonseed is forecast at 800,000 MT, due to an expanded harvested area and despite lower yields due to an increase in the proportion of area planted to dryland cotton. Australian olive oil production is also expanding based on a larger plantation area which is expected to reach 36,000 hectares. There are few statistics available on other oilseeds such as soybeans and sunflowers, but the volume of production is relatively small.
