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Global Oil Supply, Demand and Price Outlook and the Impacts for Canada

10:15 am Thursday, January 24

FCC Theatre

Photo of David Mielke


In the 2018/19 season Canada is set to surpass the European Union as the world’s largest producer of canola. With less than 50% of the Canadian crop consumed domestically, there is an increasing need to market Canadian canola globally. A forecasted increase in Canadian canola crushing, will outpace the growth in domestic oil and meal requirements which will cause an increase in exports of canola oil & meal. In David’s presentation the latest global supply and demand developments for the major oilseeds, veg. oils and meals will be discussed.