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China has grown rapeseed for centuries, and output rose from under 400,000 tonnes in 1961 to 15.3 million tonnes in 2016. Production still cannot keep up with domestic demand, which is why China relies on canola imports.
The piece draws on remarks from a Chinese oilseed researcher at a November Canola Dialogue in Beijing.
Structural import demand from China supports Canadian canola exports and the value of canola meal. The article gives background rather than new price-moving news.
country-guide.caJay WhetterFeb 12, 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.
