For the 2024-25 crop year, Canadian canola production is estimated at 17.8 million tonnes (Mt), reflecting a 7% decrease from last year.
Despite similar seeded and harvested areas to 2023-24, hot and dry conditions during key growth stages negatively impacted yields. Imports are forecasted at 150,000 tonnes (Kt), contributing to a total supply of 20.7 Mt, a 3% decrease compared to the previous year.
Canola crushing continues to outperform, running 6% ahead of last year's pace. By March 31, 2025, Canada is expected to crush 7.8 Mt of seed, producing 3.3 Mt of canola oil and 4.6 Mt of canola meal.