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Australian new-crop canola values rose above A$700 a tonne on the east coast and A$800 on the west coast. The EU plans to impose 36.4% anti-dumping tariffs on Chinese biodiesel, and EU rapeseed forecasts are falling due to wet conditions in France and heat in Romania and Ukraine.
EU tariffs on Chinese biodiesel should lift demand for Australian and other non-Chinese canola used in EU biodiesel production, and falling EU oilseed crops tighten supply, supporting canola prices.
farmonline.com.auGregor HeardJul 23, 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.
