Annually, Manitoba produces approximately 17 to 18% of Canada's total canola production.

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1 - 1 - OVERVIEW OF THE CANOLA SECTOR IN MANITOBA Canola is Manitoba s most important oilseed crop. Canola production in Manitoba has grown steadily over the years and it accounts for the greatest amount of seeded area, followed by wheat. In 211, Manitoba reported 6,151 canola farms compared to 5,861 in 26. This represents 17.5% of canola farms in Canada. Annually, Manitoba produces approximately 17 to 18% of Canada's total canola production. Canola is valued throughout the world for its nutritional qualities in the human diet. Canola oil is the most important component of the seed in terms of market value. Canola meal is an important source of protein in animal feed. Significant research activity continues to improve the quality characteristics of canola seed, oil and meal. Ongoing canola breeding efforts focus on quality, disease resistance and agronomic improvements, to develop better varieties and tap the potential of hybrid canola. New genetics enable growers to realize a higher yield per acre with some of the strongest canola in the world. The Canola Council of Canada is forecasting production of 15 million tonnes of canola by 215 as new high-yielding hybrid varieties continue to be adopted by farmers. Increased crushing capacity in the province is strengthening the commitment of farmers to grow canola as the demand for seed continues to increase. Manitoba Manitoba Canada Canada Canola Number of farms 6,151 5,861 35,73 31,435 Acres 3,288,594 2,278,642 19,368,997 12,423,579 Hectares 1,33, ,134 7,838,354 5,27,643 Source: Census of Agriculture 211

2 - 2 - CANOLA PROCESSING IN MANITOBA Oilseed processing is one of the most important value-added agribusinesses in Manitoba and has become a well-established industry. The canola crush margin is an indicator of the economic strength of the oilseed processing sector. Canola seed is processed for its oil and the resultant 6% of the original seed is canola meal, the principal protein source produced in western Canada. Canola seed contains approximately 42 percent oil. Raw canola seed is crushed to release raw crude oil which is then refined and further processed into high quality, high value food products such as margarine, shortenings and frying oils as well as ingredients in salad oils and baked goods. Canola oil is also used in the production of inedible products such as pharmaceuticals, cosmetics, suntan oil, detergents and soaps, surfactants, industrial lubricants, greases and hydraulic fuels, fungicides, herbicides, pesticides, plasticisers, inks, lacquers, photographic compounds, and in the anti-static substance for paper and plastic wrap. Canola meal, a high-protein by-product of oilseed crushing, is a rich source of vitamins B, E and protein. Along with hulls and screenings, it is used in livestock feed in dairy, beef, swine and poultry rations. Since 1994, cold-pressed oils (canola and others) have been produced from an expeller pressing operation (without solvent extraction). Bunge Ltd. operates a plant in Altona and another in Harrowby. They produce bulk crude and refined oil, high-oleic Nexera canola oil, bulk vegetable oil, retail pack refined oil, hulls and screenings. Canada is forecast to crush a record 5.5 Mt of canola, due to the expansion of crushing capacity. The expected rise in crush is supported by the strong international demand for biodiesel and growing US demand for healthy edible oils. Rapeseed was introduced as an alternative crop during World War II as a substitute for conventional lubricants that were in short supply. The crop increased in significance after 1968 when Dr Baldur Stefansson of the University of Manitoba used selective breeding to develop a variety of rapeseed low in erucic acid. In 1974 another variety was produced, low in erucic acid and glucosinolates; the name canola was derived from Canadian oil, low acid. A variety developed in 1998 is considered the most disease- and drought-resistant variety of canola to date. This and other recent varieties have been produced by using genetic engineering. The seeds are used to produce edible oil suitable for human consumption due to low levels of erucic acid compared to traditional rapeseed oils. Reduced levels of toxin glucosinolates make the by-product canola meal suitable for livestock feed.

3 - 3 - TRADE Manitoba has extensive experience in servicing foreign markets due to a long history of exporting canola. Canola oil and meal constitute close to 3% of exports. Major markets include United States, China, Japan, Mexico and United Arab Emirates. Canola oil exports were valued at $397 million in 211, mainly as a result of higher prices. Exports of other processed canola products and bi-products, such as meal and oilcake, amounted to $73 million in 211. Demand for canola meal remains strong given the tight world protein supply for animal feed. Canola and rapeseed meals are the second most widely traded protein ingredients in animal feed after soybean meal. The major customer of canola oil and meal is the United States where growers do not produce enough canola to meet domestic demand. The top importing states of Manitoba canola are Tennessee, Illinois, California and Louisiana. The U.S. dairy industry is a major consumer of Canadian canola meal. As production of canola increases and more meal is available, it may become more widely used by other livestock sectors such as the poultry and hog industries. China has become the world's largest importer of oilseeds. Its rapid rise in domestic demand results from increased urbanization and greater demand for labour saving foods serviced by a growing retail and food processing sector. China is increasing the size of its domestic industrial-scale crush capacity for oilseeds due to rising demand for protein meal from rapidly developing animal and aquaculture sectors. The long run outlook for canola continues to be positive. Rising per capita demand for oils and fats along with rising demand for more protein in the diet and the mandated use of biodiesel is expected to support canola prices. The long-run growth in demand for canola oil and canola meal in countries such as China, Mexico and Pakistan is expected to grow as incomes and populations rise over the next 1 to 2 years. Canada is expected to face competition from the growth in soybean production in South American and from higher palm oil production in Indonesia. However, the production of oilseeds in Russia, Ukraine, Belarus and Kazakhstan is expected to remain relatively stable over the next 1 years as those countries focus on raising cereal output. Canada continues to search for its agronomic limit on canola production and this limit is not expected to be reached in the near future. This should be supportive to farmer incomes and to Canada's canola crushers and exporters. Over the medium term, Canadian exports of seed, oil and meal are expected to contribute to a positive balance of payments and support economic growth for the country.

4 - 4 - Canola Outlook for Canada For , seeded area is forecast to increase by 8% to a record high, surpassing wheat ex-durum as the largest seeded area crop in Canada. The gain is supported by historically strong prices and expected attractive yields. Production is forecast at a record 15.1 Mt, up 7% from However, supply is forecast to decrease slightly due to sharply lower carry-in stocks. Exports are forecast to fall marginally, to slightly under 8.4 Mt, while domestic crush remains strong at 6.7 Mt. Tight domestic supply will limit Canada's ability to service strong world demand. Carry-out stocks are forecast to remain at.6 Mt while prices rise marginally on higher US soybean and soyoil prices. For , world oilseed, vegetable oil and protein meal prices are forecast to remain strong with US soybean and soyoil prices rising slightly. Outlook for Canola p f Area Seeded (kha) 6,86 7,633 8,244 Area Harvested (kha) 6,514 7,471 8,79 Yield (t/ha) Production (kt) 12,773 14,165 15,1 Imports (kt) Total Supply (kt) 15,26 16,8 15,825 Exports (kt) 7,15 8,4 8,35 Food & Industrial Use (kt) 6,31 6,7 6,7 Feed, Waste & Dockage (kt) Total Domestic Use (kt) 6,437 7,8 6,875 Carry-out Stocks (kt) 1, Average Price ($/t) to to 62 Source: Statistics Canada and Agriculture and Agri-Food Canada, June 212

5 4-5 - Canola - Seeded Acres in Manitoba THOUSAND ACRES Source: Statistics Canada 35 Canola - Harvested Acres in Manitoba THOUSAND ACRES Source: Statistics Canada

6 Canola - Yield per Acre in Manitoba BUSHELS PER ACRE Source: Statistics Canada 3,5 Canola - Tonnes Produced in Manitoba , THOUSAND TONNES 2,5 2, 1,5 1, 5 Source: Statistics Canada

7 - 7 - Canola Prices in Manitoba DOLLARS PER TONNE Sources: STC, AAFC, MAFRI Value of Canola Production in Manitoba ,4 1,2 MILLIONS OF DOLLARS 1, Source: STC, AAFC, MAFRI

8 - 8 - Cost of Canola Production per Acre in Manitoba Operating Costs of Production Fixed costs, including labour Total Costs of Production (including labour) 3 DOLLARS PER ACRE Source: MAFRI Farm Cash Receipts for Canola in Manitoba ,2 1, MILLIONS OF DOLLARS Source: Statistics Canada

9 - 9 - Marketings of Manitoba Canola CROP , 1,5 2, 2,5 3, THOUSAND TONNES Source: STC, AAFC, MAFRI Manitoba Canola Exports MILLIONS OF DOLLARS Source: Statistics Canada

10 - 1 - Farm Supply and Disposition of Manitoba Canola Crop, 2/1 to 211/12 tonnes Opening Stocks Aug Production 1,261 1,826 1,95 2,576 2,892 2,216 1,656 Total Supply 1,427 1,977 2,52 2,642 3,12 2,391 1,776 Marketings 1,185 1,793 1,933 2,449 2,61 2,127 1,6 Seed Carry-over Feed/Waste/Dockage Total Disposition 1,427 1,977 2,52 2,642 3,12 2,391 1,776 bushels Opening Stocks Aug1 7,319 6,658 4,453 2,866 5,291 7,76 5,291 Production 55,6 8,512 85, , ,514 97,78 73,16 Total Supply 62,919 87,17 9, , ,85 15,424 78,37 Marketings 52,249 79,57 85,23 17, ,8 93,784 7,547 Seed Carry-over 6,614 4,453 2,866 5,291 7,76 5,291 4,49 Feed/Waste/Dockage 4,12 3,616 2,337 3,175 9,921 6,35 3,37 Total Disposition 62,919 87,17 9, , ,85 15,424 78,37 CANOLA - Common Conversions 1 metric tonne canola = bushels. There are 5 pounds in 1 bushel of canola.

11 Production and Value of Manitoba Canola Seeded Harvested Average Price per Total Year Area Area Yield Production Tonne Value (hectares) (hectares) (kg per ha) (tonnes) ($/tonne) ($) ,1 352,1 1,3 46, , ,776 57,776 1,6 796, , ,5 627,3 1,6 986, , ,7 736,5 1,2 97, , ,31,9 1,11,7 1,5 1,485, , , 94,9 1,3 1,227, , ,4 627,3 1,7 1,68, , ,1 951, 1,6 1,496, , ,112,9 1,14,8 1,6 1,83, , ,3,6 995,5 1,7 1,77, , , 934,8 1,6 1,487, , ,9 76,8 1,5 1,134, , ,3 87,1 1,7 1,451, , ,11,7 1,7,7 1,8 1,769, , ,116,9 1,11,7 1,7 1,746, , ,11,7 874,1 1,4 1,261, , ,3,6 1,1,6 1,8 1,825, , ,238,3 1,228,2 1,6 1,95, , ,254,5 1,246,4 2,1 2,576, ,28, ,35,1 1,295, 2,2 2,891, ,211, ,363,8 1,258,6 1,8 2,215, , ,12,8 1,64,3 1,6 1,655, ,524 Seeded Harvested Average Price per Total Year Area Area Yield Production Bushel Value (acres) (acres) (bu per acre) ( bushels) ($/bushel) ($) , 87, , , ,254,742 1,254, , , ,6, 1,55, , , ,86, 1,82, 22. 4, , ,55, 2,5, , , ,35, 2,325, , , ,57, 1,55, , , ,37, 2,35, , , ,75, 2,73, , , ,48, 2,46, , ,66 2 2,35, 2,31, , , ,9, 1,88, , , ,2, 2,15, , , ,5, 2,49, , , ,76, 2,5, , , ,5, 2,16, , , ,48, 2,475, , , ,6, 3,35, , , ,1, 3,8, , ,28, ,225, 3,2, , ,211, ,37, 3,11, , , ,725, 2,63, , ,524 SOURCE: Statistics Canada; Agriculture and Agri-Food Canada; Manitoba Agriculture, Food and Rural Initiatives.

12 - 12 -

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