Australian Canola has non-genetic edge

(wohlfart@chch.agnz.co.nz)
Thu, 17 Jun 1999 08:34:28 +1200

Australia Canola has non-genetic edge - ABARE
AUSTRALIA: June 16, 1999

SYDNEY - Australian guarantees that its canola was not genetically
modified had underpinned expansion in its canola exports, the
Australian Bureau of Agricultural and Resource Economics (ABARE) said
yesterday.

In its June quarter Australian Commodities, the government commodities
analyst said Australian canola production in 1999/00 was forecast to exceed
two million tonnes, yet another record.
ABARE's latest forecast of canola production of 2.011 million tonnes is
unchanged on its previous forecast and compares with 1.664 million tonnes
production in 1998/99.
Large amounts of Australian canola continued to be exported to destinations
that were less sensitive to genetically modified seed, ABARE said.
With genetically modified canola varieties likely to be available to Australian
farmers in the next couple of years, the industry would have to consider
segregating genetically modified and non-genetically modified canola, it said.
After significant expansion of its canola production in the past two years,
Australia was now the second largest exporter after Canada.
Competition for export markets was likely to intensify in 1999/00 but Australia
was likely to gain some benefits from its current non-genetically modified
status, ABARE said.
ABARE forecast that Australian canola prices would fall by 19 percent to an
average A$285 a tonne in 1999/00.
Nearly 1.6 million tonnes of Australian canola was forecast to be available for
export in 1999/00, up by 26 percent on 1998/99.

REUTERS NEWS SERVICE

Samira Wohlfart
Organic Products Exporters Group Inc. (OPEG)
PO Box 8640
Christchurch
New Zealand
Ph: +64 3 348-0979
Fax: +64 3 348-1867
Email: wohlfart@chch.agnz.co.nz
Website: http://www.organicsnewzealand.org.nz

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