HAMBURG (Reuters) – The global 2010-11 rapeseed crop is set to fall after strong rises in the previous three seasons, creating tighter supplies for the crushing industry and biodiesel producers, Oil World forecast in May.Global 2010-11 rapeseed output will fall to 59.87 million tonnes from 59.97 million tonnes in 2009-10, it estimated, stressing weather can still change the outlook.The European Union’s 2010-11 crop is likely to drop to 20.80 million tonnes from 21.57 million tonnes in 2009-10, China’s to 11.80 million tonnes from 12.80 million tonnes and Ukraine’s to 1.75 million tonnes from 1.87 million tonnes, it estimated.But Canada’s crop is expected to rise to 12.60 million tonnes from 11.83 million tonnes and Australia’s to 2.15 million tonnes from 1.90 million tonnes.”A stagnation of global production next season would have major implications on the volume of crushings,” Oil World said. “It would also curb the growth in the availability of rape oil and meal.” This could be a worry to the EU’s biodiesel industry, which extensively uses rapeseed oil as feedstock, it said. This was likely to concern the biofuel industry in the second half of the coming season.
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