Source: Sean Pratt, Producer.com, August 15, 2019
The European Union is increasingly looking like it could be the saviour for the Canadian canola industry in 2019-20.
When it first appeared that the EU’s rapeseed crop was in trouble, analysts were forecasting it could maybe take a few hundred thousand additional tonnes.
These days analysts are forecasting millions of tonnes of new demand.
Lachie Stevens, executive director of Lachstock Consulting, an Australian grain market research firm, said trade sources report that the EU booked one million tonnes of new crop Canadian canola in early July.
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