# Canola oil demand rising as African swine fever reduces China's soybean crush - RealAgriculture

> Oil World's David Mielke says African swine fever has cut China's soybean crush by up to 10 million tonnes a year, reducing soymeal output and soybean oil supply. Canola oil imports into China, including via the UAE, have grown strongly, and a tight palm oil market could push China to buy more Canadian canola.

- Date: 2020-02-03 · published 2020-02-03T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/54566-canola-oil-demand-rising-as-african-swine-fever-reduces-china-s-soybean-crush
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Chinese crush is bearish for soymeal and soybeans, while tighter vegetable oil supplies are bullish for canola and oil prices, with possible Chinese canola buying supporting canola prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.2% | +4.3% |
| SOY | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | +3.4% | +5.8% |
| SOY | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -1.1% | -0.1% |
| SOY | 2019-04-24 | [Impacts of African Swine Fever on China's Feed Industry and Soy Demand - Rabobank](https://feedsoft.ai/events/59584-impacts-of-african-swine-fever-on-china-s-feed-industry-and-soy-demand-rabobank.md) | -2.4% | -4.6% |
| SOY | 2021-03-10 | [Resurgence of African Swine Fever in China Threatens Global Grain Demand](https://feedsoft.ai/events/48100-resurgence-of-african-swine-fever-in-china-threatens-global-grain-demand.md) | -1.2% | -2.3% |
| PALMOIL | 2019-11-29 | [China soy, palm oil markets surge on swine fever spillover – China Economic Review](https://feedsoft.ai/events/56158-china-soy-palm-oil-markets-surge-on-swine-fever-spillover-china-economic-review.md) | +6.9% | +10.9% |
| PALMOIL | 2019-11-05 | [China's Cooking Oil Market Boils Amid Pork Shortage, Low Soy Stocks \| ESM Magazine](https://feedsoft.ai/events/56155-china-s-cooking-oil-market-boils-amid-pork-shortage-low-soy-stocks-esm-magazine.md) | +3.2% | +8.2% |
| PALMOIL | 2021-08-24 | [Production Drops After Public Curb, CPO Sees Highest Price - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45656-production-drops-after-public-curb-cpo-sees-highest-price-gabungan-pengusaha.md) | +0.3% | +0.5% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/02/canola-oil-demand-rising-as-african-swine-fever-reduces-chinas-soybean-crush/

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