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China has approved rapeseed meal imports from Kazakhstan. In 2017 China imported almost 1 million tonnes of rapeseed meal, nearly all from Canada.
China also imported about 4.5 million tonnes of Canadian rapeseed for domestic crushing.
New Kazakh supply gives China an alternative to Canadian rapeseed meal, which could pressure Canadian meal export prices over time.
reuters.comDec 10, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
