# High prices keep Canadian canola out of European Union | The Western Producer

> The EU has bought 5.8 million tonnes of rapeseed through 37 weeks of the crop year, up 57% year on year, per Strategie Grains. Ukraine supplies half of EU imports and Australia holds 41% share, while Canadian canola is uncompetitive due to high domestic prices and strong crush margins.

- Date: 2023-03-23 · published 2023-03-23T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/36960-high-prices-keep-canadian-canola-out-of-european-union-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Canadian canola remaining priced out of Europe limits export demand and keeps Canadian canola meal supply domestic, while Australian supply sets the marginal EU price.

## Read by commodity

- SBO: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-12-15 | [Canola carryout problem requires policy changes \| The Western Producer](https://feedsoft.ai/events/21447-canola-carryout-problem-requires-policy-changes-the-western-producer.md) | -3.3% | -1.2% |
| SBO | 2023-09-28 | [Chinese canola purchases surpass USDA expectations \| The Western Producer](https://feedsoft.ai/events/34059-chinese-canola-purchases-surpass-usda-expectations-the-western-producer.md) | +0.4% | -7.1% |
| SBO | 2023-09-22 | [Chinese canola purchases surpass USDA expectations \| The Western Producer](https://feedsoft.ai/events/34057-chinese-canola-purchases-surpass-usda-expectations-the-western-producer.md) | -2.5% | -5.2% |
| SBO | 2023-06-01 | [Emerging canola processing at home will affect exports \| The Western Producer](https://feedsoft.ai/events/35458-emerging-canola-processing-at-home-will-affect-exports-the-western-producer.md) | +4.8% | +21.3% |
| SBO | 2023-06-08 | [Emerging canola processing at home will affect exports \| The Western Producer](https://feedsoft.ai/events/35462-emerging-canola-processing-at-home-will-affect-exports-the-western-producer.md) | +9.0% | +25.4% |

## Sources

- producer.com: https://www.producer.com/markets/high-prices-keep-canadian-canola-out-of-european-union-2/

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