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Rapeseed (Mustard Seed) News - 2022 23 Global Rapeseed Supplies Projected to Rise by 10 Percent: USDA Attachae
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2022-23 Global Rapeseed Supplies Projected to Rise by 10 Percent: USDA Attachae

According to USDA Attachae, 2022-23 global rapeseed supplies is projected to rise 10 percent to a record 100.5 MMT as production in Canada recovers from last year’s devastating drought. Both global harvested area and production are projected to be records. Reduced carryover, the smallest in nearly 20 years, will necessitate some stock-building in the coming year and provide a measure of price support. Exports are projected to rise significantly above this year’s current forecast but will fall short of the 2020/21 record volume as stock building and strong crush recovery in Canada restrict exportable supplies. Global rapeseed crush is forecast to reach a record 75.1 million tons.