# Canola prices down $329 year-on-year | Farm Weekly | WA

> Canola values in Australia were about A$329 per tonne lower year-on-year after steep declines in March, with the month's drop at A$62 per tonne. Analysts attributed the fall to large Brazilian soybean supplies, a strong EU rapeseed crop outlook and recovering Ukrainian seed access.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36538-canola-prices-down-329-year-on-year-farm-weekly-wa
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expanding South American oilseed supply and a strong EU rapeseed crop are bearish for global oilseed prices and the cost of oilseed meal inputs.

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8162427/what-is-happening-with-canola-prices/

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