Rice output and demand growth are expected to
be closely matched, at an average of 0.8% and
1.0% respectively. Overall, world stocks should
remain comfortable, but the stock-to-use ratio
is forecast to decline slightly, to 21% from 23%
forecast for the end of 2013/14. Trade is projected
to expand further, led by increased deliveries to
Far East Asia and sub-Saharan Africa.
Soyabean and rapeseed/canola production growth
is expected to outpace grains and rice, against a
background of strong demand from the crushing
industry. Combined output growth is projected
at an average of 2.1% p.a. in the medium term.
Oilseed stocks should recover, but the market is
likely to remain relatively tight, with the stock-touse
ratio is seen rising only slightly, to 12%, from
10% anticipated for the end of 2013/14