# European demand kickstarts Australia’s new-crop canola exports - Grain Central

> Australian canola exports from the 2018 crop started strongly, with 155,013 tonnes shipped in November mainly to Belgian and German crushers. Dry EU conditions cut the 2018 harvest, and the 2019 EU crop may fall to a decade low near 20 million tonnes.

- Date: 2019-01-23 · published 2019-01-23T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/61189-european-demand-kickstarts-australia-s-new-crop-canola-exports-grain-central
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected tight EU rapeseed supply supports firm European demand for imports and canola meal, which keeps prices elevated for feed buyers.

## Read by commodity

- AUDUSD: neutral
- CANMEAL: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/european-demand-kickstarts-australias-new-crop-canola-exports/

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