# Canada’s canola exports drop as cooking oil kings bet on fuel

> Bloomberg reports Canadian processors plan to raise canola crush capacity by 50% to supply North America's renewable fuel market. Exports could fall by as much as 4 million tonnes within two to three years as new capacity comes online.

- Date: 2023-04-06 · published 2023-04-06T12:00:00.000Z
- Category: policy · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/36360-canada-s-canola-exports-drop-as-cooking-oil-kings-bet-on-fuel
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Diverting canola to crushing lowers export availability and boosts meal output domestically, tightening canola oil supply for biofuel while raising canola meal supply for feed.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-07-02 | [Canada Know-Risk Market Outlook \| Canola Higher on Weather and Soybean Oil](https://feedsoft.ai/events/23872-canada-know-risk-market-outlook-canola-higher-on-weather-and-soybean-oil.md) | +1.1% | +2.9% |
| SBO | 2018-09-27 | [NBB Fuels Biodiesel Promotion \| U.S. Canola Association](https://feedsoft.ai/events/62921-nbb-fuels-biodiesel-promotion-u-s-canola-association.md) | +3.7% | +0.5% |
| SBO | 2025-01-16 | [Clean Fuel Production Credit excludes producers from using used cooking oil  - Indiana Corn and Soy](https://feedsoft.ai/events/26610-clean-fuel-production-credit-excludes-producers-from-using-used-cooking-oil.md) | -0.5% | +2.2% |
| SBO | 2023-04-12 | [Drought, Biodiesel Impacting Soyoil Prices, Exports - Pro Farmer](https://feedsoft.ai/events/15318-drought-biodiesel-impacting-soyoil-prices-exports-pro-farmer.md) | +0.8% | -3.3% |
| SBO | 2025-05-14 | [Indonesian palm oil exports set to fall with biofuel mandate - Nikkei Asia](https://feedsoft.ai/events/24754-indonesian-palm-oil-exports-set-to-fall-with-biofuel-mandate-nikkei-asia.md) | -0.6% | -4.3% |

## Sources

- ajot.com: https://www.ajot.com/news/canadaas-canola-exports-to-drop-as-cooking-oil-kings-bet-on-fuel

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