30/7/04 - World production of 7 oilseeds is set to recover sharply and islikely to reach 357.5 Mn T in 2004/05, according to our new forecast. Thisis up by 33.7 Mn T from last season's drought-reduced level of 323.8 Mn T.If our production estimates are achieved, price prospects for 2004/05 arebearish, primarily for soybeans and rapeseed. Even with our assumption ofan above-average growth in demand by around 17.3 Mn T, there will be asharp replenishment of oilseed stocks at the end of this season...