Canada significantly increased exports of canola oil to the USA in 2022/23

Thanks to strong demand from the United States, Canada exported its highest monthly volume of canola oil in the past six months in September, reports Oil World (Germany). Thus, during this period, Canada shipped 293 thousand tons of product, which is 60% higher than in September a year earlier, due to which the total volume of product exports in the period from July to September of this year. reached 0.83 million tons (+39% per year). It is noted that over the past year in North America, refined oil products were traded at a significant premium to prices on the world market, which reflected a shortage of products in the United States and encouraged the country to import them. Thus, the US share in total exports of canola oil from Canada in July-September ...