Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.
Phytosanitary rules have restricted Australia’s canola exports to China
But imports drop over last two years
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
China placed Canadian canola oil, meal under a 100 per cent tariff in March
Weather, China could guide oilseed’s trajectory