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The Canola Council of Canada hosted five Chinese animal nutrition and aquaculture experts in July to promote Canadian canola meal. China is the second-largest importer of canola products after the US, and in 2017 it took 4.5 million tonnes of seed and one million tonnes of meal.
Much of the meal entering Guangdong is used in aquaculture feed.
Promotion aimed at Chinese feed influencers supports long-term demand for canola meal in aquaculture and livestock feed. The near-term price impact is small.
canoladigest.caTreena HeinNov 1, 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.
