# Australian canola first to gain renewed EU biofuels access - Grain Central

> 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.

- Date: 2017-12-18 · published 2017-12-18T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/67572-australian-canola-first-to-gain-renewed-eu-biofuels-access-grain-central
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/australian-canola-first-to-gain-renewed-eu-biofuels-access/

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