# Canola prices stabilise | Stock Journal | SA

> South Australian canola prices closed at A$631/t, with the harvest well advanced after dry spring conditions. ABARES forecasts national canola output at 5.15 million tonnes, about 3.15 million tonnes below last year's record, with WA and SA leading the decline on lower yields.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/32810-canola-prices-stabilise-stock-journal-sa
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A sharply smaller Australian canola crop tightens export supply for the EU, a key buyer, which supports canola prices, while cheap Ukrainian rapeseed imports into the EU cap gains.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8440969/canola-prices-stabilise/

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