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Canola prices hit record levels

CANOLA prices have risen steeply since late last year due to shortages from Canada and local growers are looking forward to harvest in a few months’ time.

Local grower, Andrew Nagorcka told The Spectator early on Monday the trend was encouraging and he was watching it regularly.

“The daily price here – I don’t know what it will open up this week, but it'll be high 700s Australian dollars (per tonne), (it) might even be close to around $800 – that’s where it’s been peaking at,” he said.

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