Canola processing in Canada reached an almost record level in December, but low export rates are holding back prices.

According to Statistics Canada, the volume of canola processing in Canada in December rose to 1.08 million tonnes, which is 6% higher than the December figure from the previous year and is the second highest result for the month in history after the record processing volume in October 2024 (1.1 million tonnes). Overall, from August to December, the volume of canola processing in the country reached a new maximum of 5.1 million tonnes compared to 4.9 million tonnes for the same period in 2024. The average production volume of canola oil since the beginning of the season has increased by 42.3%, whereas in August-December 2024 it was 42.1%. Canola production in Canada has grown compared to last year from 17 million tonnes to a record 21.8 million tonnes, but the forecast for its export has been reduced to 7-7.5 million tonnes (compared to 9.5 million tonnes in 2024/25 MR). In the first 4 months of the 2025/26 MR, Canada exported only 1.4 million tonnes of canola (compared to 3 ...