Data Analysis
Price-In-Charts: Canola seed price hike due to exceptional drought
Seeds / Oil SeedsCanola Seed & RapeseedCanadaPrice TrendSeasonality
Summary
The price of canola seed in Canada has increased by an average of 50% between the fourth week of July 2020 and the second week of July 2021. Prices started to rise significantly since last April and have shown a spike in early May. When prices were particularly high in early May, rainfall indicated to deficit from last month. The rainfall which significantly lower than normal level during the last 3 months (May-July) illustrates why prices during this period also remained volatile even though they tended to rise in July.
Jul 23, 2021
By Rimelda Rinaldi
Was this insight helpful?
More Data Analysis
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.