# Canola supplies from Australia continue to put pressure on canola prices in the EU

> Paris rapeseed fell 9.4% in March to €482.75/t, its lowest since September 2022, and Winnipeg canola dropped 8.3%. EU rapeseed imports from July to February rose 45% year on year, with Australia and Ukraine supplying most of the volume after record Australian crops.

- Date: 2023-03-15 · published 2023-03-15T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/36957-canola-supplies-from-australia-continue-to-put-pressure-on-canola-prices-in-the
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Heavy Australian and Ukrainian supply and lower vegetable oil demand weigh on EU and Canadian canola prices, which lowers the cost of canola meal for feed formulators.

## Read by commodity

- SBO: bearish ▼
- WTI: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-09-24 | [Vegetable oil prices fall under pressure from increased supply from Argentina](https://feedsoft.ai/events/22946-vegetable-oil-prices-fall-under-pressure-from-increased-supply-from-argentina.md) | -0.4% | +3.3% |
| SBO | 2026-07-20 | [Canadian canola exports exceed forecasts, adding pressure to global prices](https://feedsoft.ai/events/18459-canadian-canola-exports-exceed-forecasts-adding-pressure-to-global-prices.md) | -2.2% | -5.6% |
| SBO | 2024-12-04 | [Sunflower prices in Ukraine remain under pressure from falling export prices for sunflower oil](https://feedsoft.ai/events/27070-sunflower-prices-in-ukraine-remain-under-pressure-from-falling-export-prices.md) | +2.9% | -0.0% |
| SBO | 2023-02-23 | [Declining rapeseed oil and meal prices in China will soon increase the pressure on the world rapeseed market](https://feedsoft.ai/events/37283-declining-rapeseed-oil-and-meal-prices-in-china-will-soon-increase-the-pressure.md) | -2.5% | -8.3% |
| SBO | 2026-02-26 | [Plant shutdowns and falling sunflower oil prices are putting pressure on sunseed prices in Ukraine - AgriInsite](https://feedsoft.ai/events/20717-plant-shutdowns-and-falling-sunflower-oil-prices-are-putting-pressure-on.md) | +3.2% | -0.9% |
| WTI | 2026-05-15 | [US, Brazil see jump in ethanol exports as consumers seek to boost fuel supplies](https://feedsoft.ai/events/19247-us-brazil-see-jump-in-ethanol-exports-as-consumers-seek-to-boost-fuel-supplies.md) | -4.4% | -15.6% |
| WTI | 2019-07-08 | [Traders, federal govt at risk from volatility in ringgit and oil prices](https://feedsoft.ai/events/58352-traders-federal-govt-at-risk-from-volatility-in-ringgit-and-oil-prices.md) | +5.0% | -2.7% |
| WTI | 2025-01-29 | [Trump’s Nine-Hour Economic War on Colombia Rattles Markets - Bloomberg](https://feedsoft.ai/events/26776-trump-s-nine-hour-economic-war-on-colombia-rattles-markets-bloomberg.md) | -1.5% | -7.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canola-supplies-from-australia-continue-to-put-pressure-on-canola-prices-in-the-eu/

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