China stops purchase of Canadian canola seeds
The ongoing trade dispute that started earlier this month when China revoked the permit of a major Canadian exporter is also hitting canola farmers, who are grappling with lower prices and delayed shipments.
All of the council's members that export canola from Canada to China have reported that Chinese importers are currently unwilling to purchase their product, Innes said. Council members include Viterra Inc., Louis Dreyfus Company, Cargill Ltd. and Parrish & Heimbecker Ltd. "It's very difficult to replace a market that takes as much as China takes," said Innes. In 2018, canola seed exports to China were worth $2.8 billion, according to the council.
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