# Shut out of China, Canada finds canola buyers in drought-damaged Europe

> Canada is shipping canola to drought-hit Europe after China suspended the licenses of Richardson International and Viterra and halted most other Canadian canola purchases over pest concerns. The two countries have been in a diplomatic and trade dispute since December.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/57557-shut-out-of-china-canada-finds-canola-buyers-in-drought-damaged-europe
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Redirecting Canadian canola to Europe partly offsets the loss of China demand, but European drought-driven shortfalls support canola and rapeseed meal prices while Canadian export flows remain constrained.

## Read by commodity

- CANMEAL: neutral

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/shut-out-of-china-canada-finds-canola-buyers-in-drought-damaged-europe-idUSKCN1VC1WV/

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