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Chinese domestic rapeseed output is falling as planting area shrinks and processors close, with output expected below 4 million tons this year versus 4.6 million last year. Analysts cite rising imports, mostly from Canada, as the main cause.
China imported about 3.5 million tons of Canadian rapeseed in the past year, down from 3.9 million in 2015.
Persistent import dependence keeps Chinese demand tied to Canadian supply, which supports Canadian canola and meal export prices. Lower Chinese crush capacity could limit domestic meal production over time.
ecns.cnApr 25, 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.
