Australian Canola Crop May Reach 1.65 Million Tons, Group Says

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