Australia: Oilseeds and Products Annual

Australian oilseed production is expected to be strong again in marketing year (MY) 2021/22, continuing the recovery that started in MY 2020/21 following two years of extreme drought. Canola production is forecast in MY 2021/22 at 3.9 million metric tons (MMT), only a 100,000-MT decline from a bumper crop in MY 2020/21. Although yields are expected to fall from the record levels of MY 2020/21, high prices and good moisture prospects are forecast to boost planted area. Cottonseed production is forecast to achieve an almost 50-percent production increase in MY 2021/22, as a further improvement in irrigation water reserves is expected to expand cotton area.