THE CURRENT boom for canola producers, with farmers selling 2020-21 crop for record or near record prices, is set to continue for some time yet according to Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) researchers.
Emily Dahl and Rohan Nelson prepared information on the oilseeds sector for the ABARES Outlook report, issued this week.
RELATED: ABARES predicts upward trend in grain prices
They found that Chinese feed demand, which has been strong over the past 12 months, would continue as China’s pig industry rebuilds following the African Swine Fever outbreak.
The pair said feed demand would be the major source of interest in the oilseeds sector with biofuel more subdued due to less consumption of fuel…
