# SA canola prices are being driven by European rapeseed prices | Stock Journal | SA

> South Australian canola prices are tracking European rapeseed, which has fallen over the past nine months. European rapeseed output is up about 15 percent on a larger planted area, and Ukrainian rapeseed is entering the EU cheaply by road. Germany also plans to cut crop-based biofuel use in 2023 and phase out food-based biofuels by 2030.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: policy · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/37430-sa-canola-prices-are-being-driven-by-european-rapeseed-prices-stock-journal-sa
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Larger EU supply and weaker German biofuel demand push rapeseed and canola prices lower, and Australian canola exports to Europe are rising to fill the gap. Lower canola values feed through to canola meal pricing for feed buyers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8077452/biofuel-policies-guiding-canola-prices/

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