Raps Radar

Trade conflict with China show first effects

The first estimation of the Canadian ministry of statistics for Canola present 18.5 mill. tons, which is 9,3 % lower than 2018. The main reasons for the acreage reduction of Canola are disappointing commodity prices, which are connected to the trade conflict with China. The collapse of Canola export to China put high pressure on the own production and changed their focus – Canada could compensate soon the European demand of 5.8 mill. tons of rapeseed (Strategie Grains, July 2019).