# China's Cofco seeks larger Canadian canola volumes - Grainews

> Cofco plans to buy 2.5 million tonnes of Canadian canola next year, up over one-third from this year, through its Winnipeg trading office, which buys from exporters at ports. About two million tonnes would be processed in China into meal and oil, with the rest possibly traded to countries such as Pakistan.

- Date: 2017-11-15 · published 2017-11-15T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/67947-china-s-cofco-seeks-larger-canadian-canola-volumes-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger committed buyer supports Canadian canola export demand and seed prices. However, Cofco's demand is constrained by China's preference for soybean protein, so the impact on canola meal is limited.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/chinas-cofco-seeks-larger-canadian-canola-volumes/

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