The Canola Council of Canada had a target to reach 15 million metric tonnes of production and demand by 2015. This was shattered by Canada reaching 18 mmt this crop year. Now, goals might be changing.
The Canola Council issued a media advisory Monday to announce a Thursday press conference in Winnipeg to announce "bold new targets" for the upcoming decade.
According to the International Grain Council's December release of its five-year global supply and demand projections report through to the 2018/19 crop year, prospects remain favorable for canola: Canada was looked at to produce, crush and export increased volumes.