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The Canola Council of Canada urged Ottawa to sign the CPTPP trade deal, which would eliminate canola oil and meal tariffs in Japan and Vietnam over five years. The council estimates up to C$780 million per year in added oil and meal exports, and says Australia already has preferential access to Japan.
Tariff removal would expand Canadian canola oil and meal export access, supporting demand for canola products. The deal is still pending, so the price effect is prospective.
canolacouncil.orgCanola CouncilJan 19, 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.
