# Rapeseed prices are falling amid rising supplies from Australia and harvest forecasts for Canada 25.05.2022 - UkrAgroConsult

> European rapeseed fell 5.5% and Chicago canola fell 2.8% in the week, pressured by faster Canadian sowing and rising Australian supplies to the EU. Australian canola exports hit a March record, and EU imports of rapeseed and canola are down 24% year on year. EU rapeseed harvest is forecast at 17.5-18 Mt.

- Date: 2022-05-25 · published 2022-05-25T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/41515-rapeseed-prices-are-falling-amid-rising-supplies-from-australia-and-harvest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Growing Australian and Canadian supplies and a larger EU crop point to easing canola and rapeseed prices, which lowers oilseed meal costs for feed buyers. Crude near $114 a barrel still supports the complex.

## Read by commodity

- SBO: neutral
- BRENT: bullish ▲
- CANMEAL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/rapeseed-prices-are-falling-amid-rising-supplies-from-australia-and-harvest-forecasts-for-canada/

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