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A Morningstar DBRS report estimates Canada's canola industry could lose about $1 billion if China imposes tariffs on canola seed following its planned anti-dumping probe. China was expected to buy about 70% of Canada's canola shipments this year.
The report warns that global canola trade flows and Canadian grain handlers could be affected.
A quantified loss estimate highlights how much Chinese demand supports canola prices and how a tariff would cut export demand. Buyers should expect canola meal and seed prices to stay sensitive to any Chinese duty decision.
cbc.caAmanda StephensonSep 5, 2024Not 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.
