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Canola Council of Canada and Canadian trade officials promoted canola meal to dairy nutritionists at a seminar held alongside the Inner Mongolia Dairy Expo in March 2023. Presenters cited research showing canola meal increased milk production and slightly raised milk fat and protein.
Canola remained Canada's largest agricultural export to China in 2022.
Stronger acceptance of canola meal in China's dairy sector could support demand for Canadian meal over time. The effect on near-term prices is limited because the seminar was a promotional event rather than a new purchase or policy change.
canoladigest.caCharles QinOct 31, 2023Not 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.
