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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

02/03/2001

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

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NULL

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SUPPLY / DEMAND MAY HELP CANADA CANOLA FARMERS - A
SUPPLY / DEMAND MAY HELP CANADA CANOLA FARMERS - ANALYST

WINNIPEG Feb 26 (Reuters) - Depressed canola prices may rise in the comingyear because of growing world oilseed demand and declining world canolaproduction, a leading oilseeds analyst said. Those factors should beenough to overcome the effect of large world vegetable oil stocks andexpected record soyabean production this year, Thomas Mielke, editor ofthe German publication Oil World, told a grain outlook conference here."We think that even if the Canadian farmers reduced plantings by 10percent we won't have enough rapeseed and canola for next season," Mielkesaid.Analysts with Oil World are anticipating Canadian canola acreage todecline by nine percent in 2001 / 02 which could result in a crop of about6.4 million tonnes this autumn. In 2000 / 02, Canada produced 7.12million tonnes of canola. Statistics Canada will issue its first estimateof this year's canola seeding intentions on April 24.Mielke said while Canadian farmers might be tempted to reduce acreage thisyear because of low prices, he urged them to be patient. "It may beadvisable not to look at the current prices. The current prices tell yourfarmers, we don't need your canola, so cut back," said Mielke.But, he said, if farmers look ahead, "then the conclusion may be we haveto keep canola plantings unchanged or higher so that they're ready for thedevelopments which are generated from insufficient production in the restof the world."Globally, the world oilseed price outlook was favorable. Mielke citedconsiderably smaller rapeseed production in the European Union in 2000 /01 combined with a rise in European demand for rapeseed for bio-diesel.He pointed to falling oilseed production in India, where production wasslated to fall to 19.38 million tonnes in 2000 / 01 from 21.26 million ayear earlier. Mielke also said China was leading demand higher. For theyear ending in September 2001, Chinese soyabean crushings would total 18million tonnes, up from 11.3 million two years ago.He said Canada should benefit from the overall global trends, anticipatingincreased canola exports of 500,000 to 600,000 tonnes to China, Mexico andJapan from the amount sold last year.

REUTERSMRAG/hh.02/03/01

$SIG$Form:INetSendTo: .$StorageTo: .RecipientGroupsExpanded: palmnews_group$Mailer: Lotus Notes Release 5.0.1b (Intl) 30 September 1999$MessageID: PostedDate: 01-03-2001 04:13:06 PMSign: 0Recipients: ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,CN=Ab Halim Ismail/O=porla@porla,CN=Ab Malek Nanti/O=porla@porla,CN=Ab Rahman Haji Mohamed/O=porla,CN=Abd Radzak Abd Aziz/O=porla@porla,CN=Abdul Aziz Jaffar/O=porla@porla,CN=Abdul Khalil Mohamad Nor/O=porla@porla,CN=Abdul Rahim Abdullah Sani/O=porla@porla,CN=Abdul Rahman Bakar/O=porla@porla,CN=Adrein Tubong/O=porla@porla,CN=Ahmad Abduh Yaman/O=porla@porla,CN=Ahmad Saghir Baharan/O=porla@porla,CN=Ahmad Zuraimi Ab Satar/O=porla@porla,CN=Alias Johari/O=porla@porla,CN=Aminuddin Abd Aziz/O=porla@porla,CN=Ana Satasia Muda/O=porla@porla,CN=Ang Sau Hong/O=porla@porla,CN=Azahari Baharum/O=porla,CN=Bahaman Shah Saharuddin/O=porla@porla,CN=Balu Nambiappan/O=porla@porla,CN=Chandramohan Dharmapalan/O=porla@porla,CN=Dahlan Othman/O=porla@porla,CN=Dayang Nazrima Shahari/O=porla@porla,CN=Eaishah Mohd Darus/O=porla@porla,CN=Ezana Hassan/O=porla@porla,CN=Ghazali Kasim/O=porla@porla,CN=Ghazali Mohd Salleh/O=porla@porla,CN=Gin Cheng Tan/O=porla@porla,CN=Haindun Md. Yussoff/O=porla@porla,CN=Haji Fauzi Arifin/O=porla@porla,CN=Haji Khairuddin Mohamad/O=porla@porla,CN=Haji Mohamad Azmi Kulop Ismail/O=porla@porla,CN=Haji Radzuan Haji Naim/O=porla@porla,CN=Haji Zulkefli Shawal/O=porla@porla,CN=Hamidah Abdul Hamid/O=porla@porla,CN=Iskandar Shah Mustaffa/O=porla@porla,CN=Ismail Jantan/O=porla@porla,CN=Jariah Md. Jidin/O=porla,CN=Justine Hintanau/O=porla@porla,CN=Kamar Nor Aini Kamarul Zaman/O=porla@porla,CN=Kamaruddin Mohd Idris/O=porla,CN=Khairuddin Abdullah/O=porla@porla,CN=Khairul Azwan Sapuan/O=porla@porla,CN=Lai Kim Seng/O=porla,CN=Lailawati Meon/O=porla@porla,CN=Loo Yuen Mey/O=porla@porla,CN=Lye Kwang Meng/O=porla@porla,CN=Mazlan Mustaffa/O=porla@porla,CN=Mazrian Musa/O=porla@porla,CN=Miskiah Abd Hamid/O=porla@porla,CN=Mohamad Azman Hambali/O=porla@porla,CN=Mohamad Sairi Md. Juhudi/O=porla@porla,CN=Mohd Arifudin Haji Husain/O=porla@porla,CN=Mohd Fadzil Ishak/O=porla@porla,CN=Mohd Fairuz Mohd Hanafiah/O=porla@porla,CN=Mohd Hassan Hussin/O=porla@porla,CN=Mohd Jasni Satar/O=porla,CN=Mohd Noor Azam Ayob/O=porla@porla,CN=Mohd Nozri Ibrahim/O=porla@porla,CN=Mohd Rahim Awang/O=porla@porla,CN=Mohd Razali Ithnain/O=porla@porla,CN=Mohd Roselan Lebar/O=porla@porla,CN=Mohd Shokree Mohamad/O=porla@porla,CN=Mohd Sukri Abd Manap/O=porla@porla,CN=Mohd Yahaya Osman Palil/O=porla@porla,CN=Mohd Zaini Mohd Ariffin/O=porla,CN=Mohd Zulkifli Salleh/O=porla@porla,CN=Mohd. Jusuh Haji Rukawi/O=porla@porla,CN=Mohsin Saad/O=porla@porla,CN=Muhamad Zarin Mohd Nor/O=porla,CN=Murphy Solomon/O=porla@porla,CN=Muslim Imam Amat Samsudin/O=porla@porla,CN=Nazlin Ismail/O=porla@porla,CN=Nazri Mohamed/O=porla@porla,CN=Ng Hoi Chan/O=porla@porla,CN=Nik Abdullah Nik Idris/O=porla@porla,CN=Noh Muhammad Salleh/O=porla@porla,CN=Noor Azizul Ibrahim/O=porla,CN=Nor Rizah Ismadi/O=porla@porla,CN=Norashikin Hashim/O=porla@porla,CN=Norfadilah Hashim/O=porla@porla,CN=Norhanita Abu Bakar/O=porla@porla,CN=Norihan Husain/O=porla@porla,CN=Norlizah Hamzah/O=porla@porla,CN=Normala Taib/O=porla@porla,CN=Rahimah Mion/O=porla@porla,CN=Ramli Haji Salleh/O=porla@porla,CN=Rasly Bakar/O=porla,CN=Rosilah Muin/O=porla@porla,CN=Rosli Hamsan/O=porla,CN=Rosli Mat Hashim/O=porla@porla,CN=Rosni Hussin/O=porla@porla,CN=Rushdan Muda/O=porla@porla,CN=Sharifah Hassan/O=porla@porla,norsiah@mpob.gov.my@porla,CN=Subramaniam Danapal/O=porla@porla,CN=Sulim Lumong/O=porla@porla,CN=Tan How Soon/O=porla@porla,CN=Tazaruddin Osman/O=porla@porla,CN=Teow Chom Huat/O=porla@porla,CN=Tham See Min/O=porla@porla,CN=Wan Na'aman Abdul Rahman/O=porla@porla,CN=Yakup Ibrahim/O=porla@porla,CN=Zaidah Zainal Abidin/O=porla@porla,CN=Zainal Osman/O=porla@porla,CN=Zaini Samsudin/O=porla@porla,CN=Zainon Basran/O=porla@porla,CN=Zalena Abu Hasan/O=porla@porla,CN=Zalifah Alias/O=porla@porla,CN=Zulkarnaen Ahmad/O=porla@porla,CN=Zulkifli Mohd Wahi/O=porla@porla