# Canada: Alarm sounded on canola exports

> An analyst at PI Financial expects Canadian canola exports in 2022-23 to fall well short of Agriculture Canada's 9.3 million tonne forecast, with some traders estimating 6 to 7.5 million tonnes. Australia's record 7.3 million tonne canola crop could nearly match Canadian exports this year.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38197-canada-alarm-sounded-on-canola-exports
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Canadian exports would increase carryout and pressure prices, but rising Australian competition and the possibility of lower prices in spring limit the upside.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canada-alarm-sounded-on-canola-exports/

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