# China’s demand for protein could increase rapeseed prices  : The Daily Digest

> UFOP reports that lower rapeseed harvest estimates in key producing countries and expected Chinese demand are pushing European rapeseed asking prices higher. Analysts expect China may turn to rapeseed meal to replace U.S. soybean supplies hit by tariffs.

- Date: 2018-07-08 · published 2018-07-08T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/64131-china-s-demand-for-protein-could-increase-rapeseed-prices-the-daily-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter EU and Canadian rapeseed supply and possible Chinese switching to rapeseed meal support rapeseed meal prices and reduce competitive pressure on soybean meal demand.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-02-23 | [Declining rapeseed oil and meal prices in China will soon increase the pressure on the world rapeseed market](https://feedsoft.ai/events/37283-declining-rapeseed-oil-and-meal-prices-in-china-will-soon-increase-the-pressure.md) | -0.9% | -7.9% |
| SBM | 2018-06-29 | [USDA supply/demand forecast could factor in Mexico, China tariffs - The Business Times](https://feedsoft.ai/events/64550-usda-supply-demand-forecast-could-factor-in-mexico-china-tariffs-the-business.md) | +2.5% | +0.4% |
| SBM | 2022-09-26 | [Chinese demand for grain imports takes tumble \| The Western Producer](https://feedsoft.ai/events/14900-chinese-demand-for-grain-imports-takes-tumble-the-western-producer.md) | -7.2% | -3.8% |
| SBM | 2018-07-12 | [COFCO: China Will Look to the World for Other Protein Souces \| Red River Farm Network](https://feedsoft.ai/events/64150-cofco-china-will-look-to-the-world-for-other-protein-souces-red-river-farm.md) | -1.4% | +1.2% |
| SBM | 2018-08-08 | [China has expanded the use of low protein animal feed formulas](https://feedsoft.ai/events/63515-china-has-expanded-the-use-of-low-protein-animal-feed-formulas.md) | +0.7% | -8.0% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/chinas-demand-for-protein-could-increase-rapeseed-prices/

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