# China purchased over 5 million tons of canola in 2022/23 MY

> Ukrainian analysts citing OleoScope report that China imported about 5.1 million tonnes of canola in 2022/23, against a USDA January forecast of 2.5 million tonnes. The increase is attributed to Canada's production recovery, Australia's record 2022 crop and firm global vegetable oil prices.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/34061-china-purchased-over-5-million-tons-of-canola-in-2022-23-my
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong Chinese canola demand supported canola prices over the past year, but the USDA projects lower Chinese imports in 2023-24, which weighs on the outlook for canola and related meal.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-09-22 | [Chinese canola purchases surpass USDA expectations \| The Western Producer](https://feedsoft.ai/events/34057-chinese-canola-purchases-surpass-usda-expectations-the-western-producer.md) | -2.5% | -5.2% |
| SBO | 2023-09-28 | [Chinese canola purchases surpass USDA expectations \| The Western Producer](https://feedsoft.ai/events/34059-chinese-canola-purchases-surpass-usda-expectations-the-western-producer.md) | +0.4% | -7.1% |
| SBO | 2025-10-30 | [High priority to resume trade with China – Canola Digest](https://feedsoft.ai/events/22370-high-priority-to-resume-trade-with-china-canola-digest.md) | -1.9% | -0.7% |
| SBO | 2025-04-22 | [Navigating uncertain weather: Canada's canola industry amid tariffs from China & the U.S. \| Insights \| MLT Aikins](https://feedsoft.ai/events/25074-navigating-uncertain-weather-canada-s-canola-industry-amid-tariffs-from-china.md) | +2.6% | +0.9% |
| SBO | 2025-02-21 | [China’s Canadian canola probe consolidates a trade war – Pinnacle Petal](https://feedsoft.ai/events/25988-china-s-canadian-canola-probe-consolidates-a-trade-war-pinnacle-petal.md) | -1.2% | -5.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-purchased-over-5-million-tons-of-canola-in-2022-23-my/

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