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Tag Archives International trade

Blooming rapeseed field at sunset
Grain Markets, Markets

Supply-side limitations won’t support canola indefinitely

Canola recovered some of its losses over the past week

By
Until tensions between Canada and China are alleviated, there will continue to be little demand for canola. Usually taking 40 per cent of the canola Canada grows, China is the country’s most important customer for that crop. Japan is a distant second and while lowered canola prices have become attractive to other buyers, it remains
“Not only do they (China) have shrinking demand for international grains and oilseeds because
of their hog industry, they’re supposed to buy more stuff from the U.S. It’s another convenience that might drive them in the direction of protectionism.” – Richard Gray
News

Why a Canadian canola delegation isn’t in China

As of last week the Chinese government hadn’t agreed to a tête-à-tête

By
It takes two to tango. That’s why Canada hasn’t sent a ministerial-level trade delegation to restore Canadian canola exports to China. An official in a position to know says the Chinese government hasn’t agreed to such a meeting. However, the official speaking for background, said Canadian and Chinese government officials have been communicating via teleconferencing.
Foreign Affairs Minister Chrystia Freeland told the Canadian Crops Convention March 6 in Montreal that while the world is the most protectionist since the 1930s there are still trade export opportunities for Canadian farmers.
News

Export opportunities in a protectionist world

Foreign Affairs Minister Chrystia Freeland says Canada’s strategy is to build alliances with like-minded countries that support rules-based free trade

By
This is probably the most protectionist time since the Great Depression of the 1930s. However, there are still opportunities for Canadian farmers to expand exports, says Canadian Foreigns Affairs Minister Chrystia Freeland. There are emerging markets in Africa and Asia where millions climbing out of poverty are willing to spend more on food, Freeland told
News, Other

Foreign Affairs Minister Chrystia Freeland considers farming as second career

But her dad tells the well-educated diplomat she might not be smart enough

By
Chrystia Freeland speaks five languages, has won two prestigious diplomatic awards, written several books, including a New York Times bestseller, studied at Harvard and Oxford, is a Rhodes Scholar, and in most venues has swathed more canola than anyone else in the room. “I think this room might be an exception,” Canada’s foreign affairs minister
News, Oilseeds

Trade, market access canola council priorities

2018 saw some progress through some new trade agreements

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Trade and market access are top priorities for the Canola Council of Canada (CCC), president Jim Everson told the CCC’s annual meeting here March 7. It’s not surprising given 90 per cent of Canada’s canola is exported. Last year was pivotal because new major trade agreements were taking shape or coming into force, he said.
With over 1.3 billion people, China represents a potent market for Canada's agri-food sector.
Comment

Comment: Huawei, SNC-Lavalin and sick pigs

Our relationship with China is a make-or-break one for Canadian aspirations to grow food exports

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Relations between China and Canada have never been more uncertain. The SNC-Lavalin affair has exposed the Trudeau government to attacks from Chinese authorities, who claim Canada has unfairly treated Huawei’s executive Meng Wanzhou. She was arrested in Vancouver in December, at the request of the U.S. due to allegations of a conspiracy to defraud banks.
barbed wire fence and canola field
News, Oilseeds

Canada rallies to restore Richardson canola exports to China

The Chinese say the ban is due to pests, but Canadians blame Huawei spat

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China says it banned imported Canadian canola from Richardson International because of pests, but Canadians suspect it’s politics. China condemns Canada’s decision last fall to detain one of its citizens, Huawei vice-president Meng Wanzhou, at the request of U.S. government on alleged fraud charges and demands she be released. “Well, that’s obviously one of the issues
News, Oilseeds

Provincial ministers discussing China’s ban on imports of Richardson’s canola

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The Manitoba government issued a statement supporting the province’s canola industry in the wake of China’s ban of the crop shipped through Richardson International whose headquarters are in Winnipeg. “Canola is a key driver of the agriculture industry in this province and in this country, and is Manitoba’s second-largest export product to China,” Growth, Enterprise
Canola has lost roughly $30 per tonne on the markets over the past month.
Grain Markets, Markets

Rumours become reality as China curbs canola demand

Traders also have a wary eye on U.S. Midwest weather

By
Canola futures fell hard during the week ended March 8, hitting their lowest levels in more than two years as concerns over Chinese demand came to the forefront. Over the past few months, rumblings that Chinese demand was waning and Canadian exporters were facing extra hurdles moving canola to the country had been growing louder.
Editorial: Politics as usual
Editorial, Opinion

Editorial: Politics as usual

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It’s tempting to ask the Chinese government to pull the other leg now. As anyone who grows canola is likely aware by now, Canada’s largest single customer for canola, accounting for 40 per cent of this country’s exports, threw a monkey wrench into Prairie export canola. Officials quietly banned imports from Richardson International, Canada’s largest

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