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Sources say Australia is nearing a canola deal with China that would allow test cargoes of Australian canola to enter the Chinese market after years of ban over disease concerns. China currently imposes 100% tariffs on Canadian canola meal and oil and is running an anti-dumping probe on Canadian canola.
Potential Australian supply competing for China's roughly 4 million tonne annual canola import demand could erode Canada's dominant share and pressure canola prices, though initial volumes are small.
reuters.comPeter HobsonJul 16, 2025Not 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.
