# Competition between Canadian and Australian canola is intensifying in the market

> Australia has harvested 7.3 million tonnes of canola, raising the prospect that its exports could match Canada's for the first time. Analysts doubt Canada's forecast of 9.3 million tonnes in exports, with some estimates at 6-7.5 million tonnes. Competition is expected to pull 2-3 million tonnes of Asian and European demand away from Canada.

- Date: 2022-12-20 · published 2022-12-20T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38349-competition-between-canadian-and-australian-canola-is-intensifying-in-the-market
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Increased Australian supply in Asia and Europe pressures Canadian canola export prices, which could weigh on canola meal values for importers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/na-rinku-posilyuetsya-konkurentciya-mizh-kanadskoyu-ta-avstralijskoyu-kanoloyu.html

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