The sudden decline comes alongside news that Chinese customs authorities have ramped up inspections of Canadian shipments of the crop
Chinese purchases of Canadian soybeans have suddenly “slowed to a trickle” after posting record gains last year amid ongoing diplomatic tensions between Beijing and Ottawa.
The sudden decline comes alongside news, first reported by the Wall Street Journal, that Chinese customs authorities have ramped up inspections of Canadian shipments of the crop. Chinese authorities are currently holding two small 20- to 25-tonne containers of Canadian soybeans at the Yantian port of entry in order to test for “planned pathogens” or common plant diseases, Davidson added.
The spike in sales to China came as Beijing’s 25 per cent tariff on U.S. soybeans upended global trade flows and sent Chinese buyers hunting for alternative suppliers.
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