Canada has cut its canola exports by more than half in a year

Canadian canola exports are declining steadily: according to official statistics, the volume of exports fell to 121,000 tonnes in the week ending November 9, 2025, compared to 188,000 tonnes the week before. Since the start of the 2025/2026 agricultural season, total exports have reached 1.544 million tonnes, a 54.1% decline compared to the same period last year, according to Sun Sirs.

The significant reduction in export shipments indicates a decline in international demand and the development of oversupply in the domestic market. This situation is putting significant pressure on spot prices, and a further slowdown in exports is creating the conditions for increased inventory levels and a further downward price trend.

Concurrent negative trends are observed in related markets. Lower raw material costs are putting additional pressure on the rapeseed meal market, with the January futures contract on the Zhengzhou Exchange falling to 2,449 yuan per tonne. In the rapeseed oil market, the March contract fell to 9,635 yuan per tonne, fueling bearish sentiment amid a growing supply-demand imbalance.

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