# Canola prospects rise as demand strengthens | The Western Producer

> Oil World forecasts EU rapeseed area will fall 4.6 percent to 12.84 million acres in 2021-22. Ukrainian winter canola plantings were cut by at least 20 percent, the smallest crop in four years. Analysts expect strong EU demand to keep Canada as a key supplier.

- Date: 2021-03-01 · published 2021-03-01T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/48110-canola-prospects-rise-as-demand-strengthens-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Smaller EU and Ukrainian rapeseed supplies increase reliance on Canadian canola, supporting Canadian export demand and prices. Tighter European oilseed supply supports global vegetable oil and meal values.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/news/canola-prospects-rise-as-demand-strengthens/

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