# New crop canola prices are falling under pressure from low vegetable oil prices

> Rapeseed and canola prices are falling as EU and Ukrainian rapeseed crop forecasts rise and unsold European stocks weigh on the market. Euronext August rapeseed hit its lowest since July 2021, and Rotterdam rapeseed oil fell about 10% in two weeks as biofuel demand eased.

- Date: 2023-05-19 · published 2023-05-19T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/36054-new-crop-canola-prices-are-falling-under-pressure-from-low-vegetable-oil-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower rapeseed oil and meal prices make vegetable-oil-based feed ingredients cheaper, and a larger EU and Ukrainian crop adds supply.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/new-crop-canola-prices-are-falling-under-pressure-from-low-vegetable-oil-prices/

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