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Australia has greatly expanded canola exports, now regularly producing more than twice its 2019-20 output of 2.3 million tonnes. Canadian exporters may need new markets in 2025 if China restricts Canadian product.
Australian supply could fill the gap.
Ample Australian supply could limit how much Canadian canola can gain from alternative markets, keeping pressure on Canadian export prices if China shifts away.
producer.comD'Arce McMillanDec 18, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
