By Madelene Pearson
Sept. 15 (Bloomberg) -- Australia, the world's third-largest canola exporter, may produce 1.65 million metric tons this harvest, the Australian Oilseeds Federation said.
``Favorable spring conditions are required to realize the potential, with some upside possible if conditions are good,'' the group said in an e-mailed report.
Today's forecast compares with its August estimate of 1.68 million tons and last year's harvest of 1.07 million tons.
To contact the reporter on this story: Madelene Pearson in Melbourne on mpearson1@bloomberg.net
Monday, September 15, 2008
Australian Canola Crop May Reach 1.65 Million Tons, Group Says
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