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International Oilseed Supplies Rise
WASHINGTON - Oct 12/06 - SNS -- Global oilseed production for 2006-07 is projected at 390.4 million metric tons (MT), up 3.9 million MT from last month and up 2.1 million MT from 2005-06, according to the latest supply and demand forecasts from the USDA's World Agricultural Outlook Board.
Foreign oilseed production is raised 1.2 million MT due mainly to higher rapeseed, sunflowerseed, and cottonseed production.
Rapeseed production is projected higher for DU-25 based on better-than-expected yields in Germany, Poland, and Canada. Australia's rapeseed production is reduced sharply this month due to the impact of drought, which was especially severe during the critical month of September.
Cottonseed production is raised mainly due to higher output in China, which more than offsets a small reduction for Australia. Other changes include increased sunflowerseed production for Ukraine and DU-25, and increased palm oil production for Malaysia.
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