# Despite the increase in the forecast crop of canola in Australia canola prices do not fall

> Oil World raised its forecast for Australia's canola crop by 0.3 million tonnes to 3.8 million tonnes, the highest in four seasons, while other analysts expect no more than 3.3 million. Australian canola exports are forecast to rise to 2.6 million tonnes, and the EU is expected to import more Australian canola in early 2021. European rapeseed and Canadian canola prices remained firm.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/50256-despite-the-increase-in-the-forecast-crop-of-canola-in-australia-canola-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger Australian crop and expected EU import demand partly offset firm canola prices, so buyers may see supply support but limited downside.

## Read by commodity

- CANMEAL: neutral

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/popri-zbilshennya-prognozu-vrozhayu-kanoli-v-avstralii-tcini-na-ripak-ne-opuskayutsya.html

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