Farms.com Home   News

Canola Council Calls for Action Against China Canola Trad Dispute

The Canola Council says action is needed as the 1 year anniversary of the China canola trade dispute, approaches.
 
The council says the federal government should do more to reopen market access. China closed its border to canola seed last March, citing concerns about debris found in a couple of shipments.
 
But since then, some Chinese officials said the situation won't change until Canada releases a top Huawei executive arrested in Vancouver in December of 2018.
 
Council President Jim Everson says farmers and the industry can't continue to shoulder the impact of something entirely out of their control.
 
Canola seed shipments to China were down about seventy per cent last year, resulting in an estimated one billion dollar loss in revenue.
Click here to see more...

Trending Video

Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.