Australia: Oilseeds and Products Annual

Australian oilseed production in marketing year (MY) 2020/21 is forecast to begin to recover following years of drought-impacted crops. For canola, higher prices and much better soil moisture at planting are expected to result in an expansion of planted area. For olives and olive oil, improved production practices and a consolidation of the industry are forecast to also result in a rise in production. For cottonseed, plentiful rains in early 2020 are just starting to replenish some key irrigation stores and improving the prospect of a somewhat larger (yet still far below average) cotton crop in MY 2020/21.

Australia: Oilseeds and Products Annual