# China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs - AgCanada

> China's most active rapeseed meal futures on the Zhengzhou exchange fell 4.6% on Monday to 2,308 yuan per tonne, their lowest in nearly seven weeks. The drop followed Ottawa's announcement that Canadian firms can request temporary tariff relief on Chinese goods, including EVs and steel. Traders hope this eases the anti-dumping probe on Canadian rapeseed.

- Date: 2024-10-21 · published 2024-10-21T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/27849-china-s-rapeseed-meal-contract-drops-after-canada-plans-some-relief-from-ev
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Easing hopes reduce the risk of Chinese duties on Canadian canola, which removes some bullish premium from meal. Large Chinese meal inventories add further downside pressure on canola meal prices.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/chinas-rapeseed-meal-contract-drops-after-canada-plans-some-relief-from-ev-tariffs
- businesstimes.com.sg: https://www.businesstimes.com.sg/international/chinas-rapeseed-meal-contract-drops-after-canada-plans-some-relief-ev-tariffs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.