EPR Adjustments for the 2022/23 Canola Deferred Sales Pool
Since our last update in mid-March, global canola and oilseeds markets have come under continued pressure. Multiple factors have combined to push values lower, including the availability of oilseed exports under the Black Sea Grain Deal, the prediction for a strong European harvest, and ongoing weakness across the broader oil complex as markets price for a reduction in future economic activity.
This has seen MATIF rapeseed futures fall by around 80EUR since March, and Winnipeg by around 50CAD, which has negatively impacted underlying equity in the Deferred Sales Pool.
Accordingly, pool management has reduced the published equity in the pool by A$20 to A$700 FIS (CAN1) to reflect these market moves.
For more information, please refer to the Pool Calculator.