Canada canola industry aims to boost harvest 40 percent by 2025

By Rod Nickel

WINNIPEG, Manitoba Thu Jan 9, 2014 3:45pm EST 

WINNIPEG, Manitoba Jan 9 (Reuters) – Canada’s canola crop could reach 26 million tonnes by 2025, beating this year’s record harvest by more than 40 percent, the Canola Council of Canada said on Thursday in setting targets for the next decade.

The Canola Council’s goals are significant because the group represents most of the industry, including seed developers, farmers, exporters and crushers. More canola production would keep Canada, its biggest producer and exporter, competitive in global oilseed exports against soybeans and palm oil.

Canadian farmers last year harvested 18 million tonnes of canola, blowing past the council’s previous target of 15 million tonnes two years early.

Rising global demand for vegetable oil and protein will provide a market for the extra production, said Terry Youzwa, chairman of the Canola Council, who farms at Nipawin, Saskatchewan.

http://www.reuters.com/article/2014/01/09/canola-canada-idUSL2N0KI1QV20140109

Leave a Reply