Canada canola industry aims to boost harvest 40 percent by 2025
By Rod Nickel
WINNIPEG, Manitoba Jan 9 (Reuters) - Canada's canola crop could reach 26 million tonnes by 2025, beating this year's record harvest by more than 40 percent, the Canola Council of Canada said on Thursday in setting targets for the next decade.
The Canola Council's goals are significant because the group represents most of the industry, including seed developers, farmers, exporters and crushers. More canola production would keep Canada, its biggest producer and exporter, competitive in global oilseed exports against soybeans and palm oil.
Canadian farmers last year harvested 18 million tonnes of canola, blowing past the council's previous target of 15 million tonnes two years early.
Rising global demand for vegetable oil and protein will provide a market for the extra production, said Terry Youzwa, chairman of the Canola Council, who farms at Nipawin, Saskatchewan.
"The world is telling the Canadian canola industry to keep it coming," he said in Winnipeg.
The crop has grown in popularity with farmers over the past decade due to its profitability.
Most of the extra canola is expected to come from farmers squeezing more of the yellow-flowering oilseed out of each acre of land, rather than through a large expansion of planted area.
The council is aiming for an average of 52 bushels per acre by 2025, well ahead of last year's 40 bushels per acre, from an area of 22 million acres. That area would be about two million acres larger than it is currently. Continued...