# Canadian canola industry could take $1B hit in wake of Chinese trade actions, says new report | CBC News

> 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.

- Date: 2024-09-05 · published 2024-09-05T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/28287-canadian-canola-industry-could-take-1b-hit-in-wake-of-chinese-trade-actions
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- cbc.ca: https://www.cbc.ca/news/canada/edmonton/canadian-canola-industry-could-take-1b-hit-in-wake-of-chinese-trade-actions-says-new-report-1.7314362

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