Loading…
Canada's trade and agriculture ministers issued a statement welcoming China's decision to reinstate access for two Canadian canola seed exporters, Richardson and Viterra. The exporters were suspended in March 2019.
The statement also cites canola's economic importance to Canada.
Only two exporters are affected, so the change adds limited export capacity on its own. Its market effect depends on whether more Chinese buying follows.
canada.caGlobal Affairs CanadaMay 18, 2022
canolacouncil.orgCanola CouncilMay 18, 2022Not 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.
