# Milne Feeds

> Canola prices have dropped below $800/t for the first time in over a year after a strong run, while input costs are rising and margins tightening. Western Australian growers expect a sizeable crop of around 3.16 million tonnes, and USDA sees global rapeseed output near 80 million tonnes.

- Date: 2022-08-28 · published 2022-08-28T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/40141-milne-feeds
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Larger global canola supply and competition from Canada and palm oil are pulling prices down, which weighs on feed-linked oilseed meal values.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- milne.com.au: https://www.milne.com.au/news/golden-canola

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