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Canola Digest reports that the Canadian government wants to build Indo-Pacific trade under a planned strategy. Over 40 per cent of Canada's canola seed, oil and meal exports already go to the region.
A jointly commissioned industry report recommends an in-region Canadian Indo-Pacific Diversification Office.
Diversifying canola export destinations away from concentrated buyers such as China could support demand and price stability for Canadian canola meal and seed over time. The near-term price effect is limited because this is a policy plan rather than a new purchase or restriction.
canoladigest.caWhitney DencklauNov 2, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
