The Future of Canola Production in Australia. Nelson, R., Barrett, D., Foster, M., Turner, S., & Beasley, A. 2001.
abstract   bibtex   
[From Forward] The Australian canola industry expanded dramatically during the 1990s. Canola became profitable as a break crop because of favorable export prices and internationally competitive production costs. Whether the industry can continue to expand at this rate depends on whether world prices remain favorable, and the degree to which Australian production remains internationally competitive. World consumption of canola is expected to rise strongly to 2010, creating a good market outlook for the Australian canola industry. However, real canola prices are unlikely to return to the high levels of the mid-1990s because of increasing world production of low cost soybean and palm oil. Competition from low cost substitutes will be offset by growing consumer awareness of the health benefits of monounsaturated canola oil. The speed and extent of trade liberalisation will significantly effect Australia’s access to these growing world markets. Although current international constraints on trade are significant, this report concludes that the Australian canola industry will recover from its recent downturn, albeit at a slower rate than the expansion of the 1990s. ABARE’s projections for the canola industry are likely to be influenced by a range of issues surrounding genetically modified varieties and trade issues. These potential influences are analysed in the report using the OECD’s Aglink model.
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 title = {The Future of Canola Production in Australia},
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 year = {2001},
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 abstract = {[From Forward]  The Australian canola industry expanded dramatically during the 1990s. Canola became profitable as a break crop because of favorable export prices and internationally competitive production costs. Whether the industry can continue to expand at this rate depends on whether world prices remain favorable, and the degree to which Australian production remains internationally competitive. World consumption of canola is expected to rise strongly to 2010, creating a good market outlook for the Australian canola industry. However, real canola prices are unlikely to return to the high levels of the mid-1990s because of increasing world production of low cost soybean and palm oil. Competition from low cost substitutes will be offset by growing consumer awareness of the health benefits of monounsaturated canola oil. The speed and extent of trade liberalisation will significantly effect Australia’s access to these growing world markets. Although current international constraints on trade are significant, this report concludes that the Australian canola industry will recover from its recent downturn, albeit at a slower rate than the expansion of the 1990s. ABARE’s projections for the canola industry are likely to be influenced by a range of issues surrounding genetically modified varieties and trade issues. These potential influences are analysed in the report using the OECD’s Aglink model.},
 bibtype = {misc},
 author = {Nelson, Rohan and Barrett, David and Foster, Max and Turner, Scott and Beasley, Amy}
}

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