Abundant rapeseed and sunflowerseed crops to boost oilseed production

08/30/2013 | Bloomberg

Higher than expected sunflowerseed and rapeseed crops will boost world oilseed production to record levels in 2013-14, according to an Oil World report. The output of seven oilseed crops is predicted to reach 478.4 million metric tons while sunflowerseed and rapeseed production could reach record totals of 40.2 million metric tons and 64.8 million metric tons, respectively. "World supplies will become more ample, ending two consecutive seasons of tightness," according to Oil World.

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