The end of the upcoming 2019-2020 season may be marked by low volumes of rapeseed stocks worldwide.
A decrease of more than eleven percent is projected. In other words, analysts at the United States Department of Agriculture are predicting a decline in global rapeseed by more than six million seven hundred twenty thousand tons.
According to experts, a significant decrease in rapeseed production on the territory of the states that are part of the European Union, precisely affects the decrease in product in the bins of the world.
It is known that in the upcoming season 2019-2020 it is planned to harvest rapeseed in the amount of eighteen million seven hundred thousand tons. For a clear comparison, it should be noted that in the current season the planned yield is twenty million six hundred tons.
It is assumed that the rapeseed reserves in the bins of the countries that are part of the European Union will drop to one million one hundred fifty thousand tons (against the available one million eight hundred and twenty thousand tons). That is, the reduction will occur by thirty-seven percent.
Analysts also predict a decrease in stocks of the specified culture in India - from five hundred seventy thousand tons to four hundred seventy thousand tons.
As for Canada, here, according to experts, the level of reserves will remain at the current level - a little less than three and a half million tons.
