# Rapeseed prices fell on forecasts of increased acreage in Ukraine, despite a decrease in the forecast for the canola harvest in Canada

> Paris rapeseed futures fell 2% to €464.75/t after forecasts of a 30% rise in Ukrainian winter rapeseed area. Statistics Canada cut its 2023/24 canola production forecast by 6.1% to 17.6 million tonnes, and November canola futures rose 0.1% to CAD 812.6/t.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: report · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/34691-rapeseed-prices-fell-on-forecasts-of-increased-acreage-in-ukraine-despite-a
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Ukraine's larger crop and export availability are weighing on EU rapeseed, while Canada's smaller crop offers only limited support because canola is uncompetitive in the EU, so the net price impact is mixed.

## Read by commodity

- CANMEAL: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-12 | [USDA increased the estimate of world production of vegetable oils](https://feedsoft.ai/events/30861-usda-increased-the-estimate-of-world-production-of-vegetable-oils.md) | -3.8% | -10.4% |
| PALMOIL | 2020-06-02 | [The state of forest-risk supply chains – Global Canopy](https://feedsoft.ai/events/52642-the-state-of-forest-risk-supply-chains-global-canopy.md) | +3.9% | +5.2% |
| PALMOIL | 2023-01-23 | [What’s on the horizon for marine ingredients in 2023? \| The Fish Site](https://feedsoft.ai/events/37885-what-s-on-the-horizon-for-marine-ingredients-in-2023-the-fish-site.md) | -0.0% | +1.0% |
| PALMOIL | 2024-06-27 | [EU27 countries in the spotlight for deforestation exposure - Insights - Trase](https://feedsoft.ai/events/29778-eu27-countries-in-the-spotlight-for-deforestation-exposure-insights-trase.md) | +3.6% | +1.5% |
| PALMOIL | 2019-04-29 | [Palm oil analyst raises 2019 Malaysia output forecast to 20m tonnes \| The Star](https://feedsoft.ai/events/59678-palm-oil-analyst-raises-2019-malaysia-output-forecast-to-20m-tonnes-the-star.md) | -7.8% | -7.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/rapeseed-prices-fell-on-forecasts-of-increased-acreage-in-ukraine-despite-a-decrease-in-the-forecast-for-the-canola-harvest-in-canada/

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