In 2017 – 2018 Australia will harvest canola crop at 7 years low

Perspectives for canola crop 2017 – 2018 in Australia worsen according to Abare latest report.

The crop may fall to 7 years low - 2.75 million tonnes. In 2016 - 2017 crop was 4.4 million tonnes.

The estimate was lowered due to the excessive soil moisture in recent weeks and the frosts at the end of August.

Australia's Association of Oil Crops Producers predicts a crop of 2.86 million tonnes.