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Canadian exporters say Australian canola has roughly doubled its shipments and is selling at a $50-60 per tonne discount in markets like Mexico and Japan. Australia is expected to export 4.4 million tonnes this year, down from 5.87 million last year.
Heavier Australian competition in third markets pressures Canadian canola prices and export share, while Canada keeps an edge in China due to dockage rules that Australia cannot easily meet.
ukragroconsult.comMar 26, 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.
