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Canadian crushers shipped 656,660 tonnes of canola meal worth $218 million to China in 2016, after Chinese officials approved Canadian crushing plants. The shipments resumed a market that had been absent for about three years, with the meal mainly used as fish feed.
Renewed Chinese demand for Canadian canola meal supports Canadian meal export flows and crush margins, adding a new outlet for product that had been finding other buyers.
producer.comadminFeb 23, 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.
