Status and Prospect of oil meal in Canada

Introduction: in 2001 / 02, Canada's protein oil meal production is expected to decline due to the decrease of rapeseed pressing Therefore, it is expected that the decrease of protein oil meal supply and the moderate increase of soybean meal import will not offset the decrease of protein oil meal output Soybean meal production is expected to remain stable in Canada, offsetting the decline in domestic soybean production due to strong soybean imports as well as a drop in soybean production due to drought in the mid summer and heavy rainfall during the harvest season However, soybean meal supply is expected to increase to a record high due to increased imports and stable soybean meal production Total soybean meal consumption in Canada is expected to increase slightly in 2001 / 02 due to the expected increase in the number of pigs and live cattle, and the higher than expected number of live cattle stocks due to drought in Alberta and Saskatchewan It is predicted that the rapeseed meal output will decrease slightly in 2001 / 02, and the rapeseed output will decrease and the squeezing profit will be low due to the drought in western Canada The price of sunflower oil and rapeseed meal is lower than that of rapeseed It is expected that the low supply of rapeseed meal will lead to the decrease of rapeseed meal export and increase of soybean meal replacement in livestock breeding Canada is expected to become a net importer of protein oil meal in 2001 / 02, due to the fact that the export of rapeseed meal in Canada exceeded the import of soybean meal in eastern and Western Canada Most of Canadian prairie rapeseed meal production is exported to the United States, mainly California, Montana and Washington state The import and export volume of protein oil meal has reached a record, which is unnecessary for the provinces where the oil meal is produced or consumed For example, most soybean meal is imported to Canada through Ontario, Quebec and Manitoba In eastern Canada, a lot of soybean meal is transferred from Ontario to Quebec, and from Ontario and Quebec to other provinces In western Canada, large quantities of soybean meal are imported to Saskatchewan and Alberta through Manitoba This is due to geographical advantages and the location of the main feed company headquarters Most of the soybean production and pressing centers in the United States are located in the central and eastern part of the United States Many companies in Manitoba have their headquarters in Manitoba to import and ship a large number of soybean meal to feed processing plants in western provinces Canada's oil seed supply is expected to decline in 2002 / 03 If the soil moisture remains normal, it is expected that the oil seed planting area will increase in 2002 / 03 due to the rising price and expected profit It is also expected that the unit yield will return to normal level The extreme drought in the growth season of western Canada in 2001 / 02 resulted in the average unit yield lower than the 5-year average Canadian protein oil meal prices are expected to rebound from the 1999 / 00 low, but will continue to suffer from the pressure of excessive US soybean meal supply Canada's rapeseed meal supply is expected to decline in 2002 / 03 due to production falling to 1.4 million tons The export volume of rapeseed meal is expected to decrease from 780000 tons in 2001 / 02 to 680000 tons, far lower than the highest record of 1.2 million tons in 2000 / 01 Most exports are expected to continue to be sold to the United States, but a small number are shipped to Japan and South Korea Due to the weakening of China's export process, the number of Canadian rapeseed meal shipped to South Korea is likely to increase Due to the rising soybean meal price and the stable exchange rate of Canadian dollar relative to the US dollar, it is expected that the price of rapeseed meal will slightly increase by about 200-230 Canadian dollars / ton Canadian soybean meal supply is expected to remain unchanged due to stable production and imports Domestic soybean meal consumption is expected to rise slightly, to a record high of 2.3 million tons, as the number of pigs and poultry in Canada continues to increase Soybean meal exports are expected to remain stable.