# China's rapeseed oil rally drives widening spread with other edible oils

> China and Canada remain in a trade and political dispute that began with the December 2018 arrest of Meng Wanzhou in Vancouver, hampering rapeseed and other commodity shipments between the two countries. The article's headline references a rally in Chinese rapeseed oil that is widening its spread with other edible oils.

- Date: 2020-07-21 · published 2020-07-21T12:00:00.000Z
- Category: geopolitics · region China · magnitude medium
- Page: https://feedsoft.ai/events/52098-china-s-rapeseed-oil-rally-drives-widening-spread-with-other-edible-oils
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Restricted Canadian rapeseed flows into China tighten supply of rapeseed oil there, supporting Chinese rapeseed oil prices and their premium over palm and soy oils.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-04-12 | [Canadian canola spat shows China has 'ways of hurting' trade partners for political ends \| CBC News](https://feedsoft.ai/events/59566-canadian-canola-spat-shows-china-has-ways-of-hurting-trade-partners-for.md) | +0.3% | -9.0% |
| PALMOIL | 2020-10-26 | [Stocks, ringgit slip as political tension weighs \| Malaysiakini](https://feedsoft.ai/events/50889-stocks-ringgit-slip-as-political-tension-weighs-malaysiakini.md) | +0.6% | +13.8% |
| SBO | 2020-04-09 | [The Red Sea Economic Times – April 9 \| The New Silk Road Monitor](https://feedsoft.ai/events/53539-the-red-sea-economic-times-april-9-the-new-silk-road-monitor.md) | -3.2% | -4.6% |
| SBO | 2022-04-01 | [Soybean oil prices have fallen, but palm and sunflower oil prices remain high 01.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/4038-soybean-oil-prices-have-fallen-but-palm-and-sunflower-oil-prices-remain-high-01.md) | +271.3% | +288.9% |

## Sources

- reuters.com: https://www.reuters.com/article/business/china-s-rapeseed-oil-rally-drives-widening-spread-with-other-edible-oils-idUSKCN24M0Y8/

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