# Canola market continues to tighten - UkrAgroConsult

> ADM analyst Jakob Dehoust forecasts EU rapeseed output at 17.9 million tonnes, up from 17.2 million, with favourable weather. EU canola imports are expected to fall to 6 million tonnes from 6.4 million. He also sees a tighter rapeseed balance in 2021-22, with China buying large volumes of rapeseed oil from the EU.

- Date: 2021-06-11 · published 2021-06-11T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/46445-canola-market-continues-to-tighten-ukragroconsult
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower EU import needs and strong Chinese demand for rapeseed oil point to firm canola and rapeseed prices. Larger EU output partly offsets the tightness, which limits the upside.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canola-market-continues-to-tighten/

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