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The Canola Council of Canada hosted a media event in China where Canada's agriculture minister shared Cantonese dishes cooked with canola oil. The council reports rising awareness of canola oil among urban Chinese shoppers, and that China's Nutrition Society is adding canola oil to its nutrition standards.
Growing Chinese consumer acceptance could support long-term demand for Canadian canola oil and help maintain open trade, but the effect on near-term prices is limited since canola has not displaced other oils in home pantries.
canoladigest.caJay WhetterMar 6, 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.
