# 'Like gold': Canadian canola prices spike as shippers find back door to China

> Canadian canola prices spiked as shippers found indirect routes to China, with Canadian canola reaching Chinese crushers through Europe and the UAE. Canada's direct canola seed exports to China remain blocked after the 2019 suspension of major exporters' licences.

- Date: 2020-08-09 · published 2020-08-09T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/51588-like-gold-canadian-canola-prices-spike-as-shippers-find-back-door-to-china
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Indirect flows support Canadian canola and rapeseed prices and tighten global oilseed supply, which favours higher canola meal and oil prices for feed buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/like-gold-canadian-canola-prices-spike-as-shippers-find-back-door-to-china-idUSKCN2550RT/

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