On-the-Ground Updates

Prices of canola oilseed to remain high as China increases demand for global oilseeds

Canola Seed & Rapeseed

Australia

China

Market & Price Trends

Jose Salman

Published May 31, 2021

The price of canola oilseeds is booming at a historical high, and it will most likely remain this way.
The main cause is China, which since mid-2020 have maintained a high demand for global oilseeds – most of it soybean – and has risen all oilseeds prices considerably. China demands around 60% of the total imports of soybean. This has not only increased the export price of this particular commodity but of all main substitutes too.

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