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Tag Archives Richardson International — page 2

The halt on canola shipments to China is hitting farmers first and hardest, according to KAP.
Local news, Oilseeds

KAP wants government action on canola spat

While Chinese and Canadian officials are talking, so far China hasn’t agreed to a face-to-face meeting

By
Keystone Agricultural Producers (KAP) is frustrated the federal government hasn’t done more to restore Canadian canola exports to China a month after the current trade dispute began. At press time Monday the Chinese had not replied to Agriculture Minister Marie-Claude Bibeau’s request to send a Canadian delegation to China led by the Canadian Food Inspection
“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.
While China has been the biggest influence on canola bids, it hasn't been the only factor.
Grain Markets, Markets

China’s import ban tosses an anvil to ICE canola futures

Substantial supplies and little demand add more pressure

By
China definitely looms large globally, and that was very evident on March 22 when canola contract prices plummeted on the Intercontinental Exchange (ICE). Canola ended trading on March 18 up $1.50-$2.60 per tonne, with the May contract closing at $466.30. For most of last week, canola had moved up and down a little each way
Editorial, Opinion

Editorial: Lose the certificate, lose the brand

By
These days you can hardly read an article on business success without a reference to the importance of branding. But last week the federal budget confirmed what we reported in the last issue — the Canadian Grain Commission and its Certificate Final for export shipments are under review. That means that so is the brand
Canola bids have fluctuated a fair bit this last week.
Grain Markets, Markets

China one of several factors keeping canola bids in flux

Canola’s narrative today resembles that of U.S. soybeans

By
Being the world’s second-largest economy, there is no doubt China has a lot of economic clout. Every tidbit of news or rumour regarding China has been able to drive prices up or down within minutes — and this past week was no different. There are strong similarities between what has been happening with canola and
Editorial, Opinion

Editorial: A valuable question

By
The Irish writer and humorist Oscar Wilde once famously noted that a cynic is one who “… knows the price of everything, and the value of nothing.” Wilde wrote those words in the play “Lady Windemere’s Fan” more than 125 years ago, as a rebuttal to what he saw as the growing cynicism of the
The canola industry is facing challenges on multiple fronts as of late, but the chair of the Canola Council of Canada remains optimistic.
News, Oilseeds

Canola council moving on without Richardson

Outgoing chair optimistic about the future of canola and the CCC

By
When Richardson International, Canada’s largest grain company, ceased being among the Canola Council of Canada’s (CCC) core funders last year, it raised questions about the group’s future. But after a lot of hard work in 2018 reviewing its operations and setting new priorities, the CCC is in good shape, outgoing chair David Dzisiak told reporters
Canada’s canola industry is deeply concerned by a recent move by China to block canola shipments from Richardson International.
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

By
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

By
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.

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