Canola looking good- but tempered with unknown weather impacts
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n Canola looking good- but tempered with unknown weather impactsn
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The October AOF Crop Forecast, issued today, indicates a solid return to canola after a few years of below average production. However, recent rain in northern NSW may put a dampener on that States estimates,
The return towards La Niña conditions has had the expected results, with generally wetter than average conditions on the east coast and drier than average conditions on the west coast. This has significantly improved crop prospects for NSW, with canola sown from border to border, north to south. With NSW and Vic forecast to produce 50% above the 5 year average (26% above the 10 year average) domestic crushers will have ample supplies, with up to 800,000 tonnes potentially available for export. The drier conditions in WA, will deliver a crop down 20-25% on the medium-long term average.
nContact: Nick GoddardnPhone: 02 80077553
nEmail: nick_goddard@australianoilseeds.com