Australia: Oilseeds and Products Annual
Australia normally produces over 5 million metric tons (MMT) of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of total production. Post forecasts 2018/19 canola production to expand to 4 MMT, up 8 percent from the previous year because of improved climatic conditions. In 2018/19, cottonseed production is forecast at 1.1 MMT, partly due to a lower seed extraction rate for cotton using the Bollgard III cotton variety. In 2018/19 olive oil production is forecast to expand to 22,000 metric tons.
