Global Canola Opportunities in the Sustainable-Fuel Future: Is Australia Fit and Ready?
Government initiatives in the northern hemisphere to curb emissions will fundamentally change, and be the key driver of, the global canola market outlook through to 2030. Demand for, and the pricing of, Australian canola will depend on several factors, including: how quickly the EU phases out palm oil as a feedstock for biodiesel in favour of canola before its 2030 deadline, how much Canadian canola exports drop once planned crush capacity additions come online, how much global production grows, and the additional sustainability requirements that may be placed on Australian canola.
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