# Australian canola prices lifting amid global market shifts | Farm Online | ACT

> 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.

- Date: 2024-07-23 · published 2024-07-23T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/29208-australian-canola-prices-lifting-amid-global-market-shifts-farm-online-act
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8705472/australian-canola-prices-lifting-amid-global-market-shifts/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.