Top Crop Manager reports that China suspended anti-discrimination tariffs on canola meal and peas and reduced the canola seed tariff to 14.9%, effective March 1. The article cites Canada's Global Affairs release and notes that the seed tariff had been 85%.
It also says the tariffs on lobster and crab are suspended through 2026.
Restored access to China for Canadian canola meal and seed supports export demand and firms canola meal prices. The cut removes a major trade barrier that had depressed Canadian canola flows.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.