# Chinese canola oil traders seek sources other than Canada - Global Times

> Chinese canola oil traders say they have sharply cut purchases of Canadian canola oil, regardless of origin, because of higher prices and bilateral tensions. They are diversifying supply toward Russia and some EU countries.

- Date: 2020-08-12 · published 2020-08-12T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/51596-chinese-canola-oil-traders-seek-sources-other-than-canada-global-times
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Chinese demand for Canadian canola oil weighs on canola oil and meal prices, partly offsetting the supply tightness elsewhere.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- globaltimes.cn: https://www.globaltimes.cn/content/1197576.shtml

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