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The European Commission renewed market access for Australian canola exports to the EU after recognising Australia as the first country to comply with new EU low-emissions feedstock rules for biodiesel. The rules take effect 1 January 2018.
Australian canola exports to the EU are typically worth over A$1 billion a year, nearly all used for biodiesel.
Securing EU access protects a major export outlet for Australian canola, supporting demand and prices for canola and its meal in feed markets. Compliance with the new rules removes a risk of lost demand from Europe.
graincentral.comDec 18, 2017Not 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.
