Reading Time: 2 minutes A Chinese state-run trading firm has booked a cargo of about 50,000 metric tons of new-crop Australian canola, two traders told Reuters, just days after Beijing imposed temporary levies on top supplier Canada.
China’s 75.8 per cent tariffs against Canadian canola seed called ‘unjustified,’ spark calls for immediate federal response from Canada’s Liberal government
The Conservative leader’s Saskatchewan pit stop named the gas vehicle ban and canola tariffs as rural threats.
Canola prices rise day after China announcement
With diminished supplies a pull-back of exports was already expected analysts say
Charts turning bearish