On-the-Ground Updates

Biodiesel demand sets an alarm for Canola price, already surging for its crop faltering.

Crude Canola Oil & Rapeseed Oil

Canola Seed & Rapeseed

Canada

Sustainability & Environmental Impact

Market & Price Trends

Caio Alves

Published Oct 21, 2021

A dry summer and intense drought caused a diminishing harvest for raw materials of canola oil in Canada. Rapeseed production is about 20 MMT a year, but final stocks for this year are expected to be 12MMT due to crop failures. Canola oil prices will be higher for 2022. Canola bottled oil price is indicated to be USD 2,129/MT for November delivery, CIF SEA.

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