# Statement by Minister Ng and Minister Bibeau on China’s removal of restrictions on Canadian canola exports  - Canada.ca

> 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.

- Date: 2022-05-18 · published 2022-05-18T12:00:00.000Z
- Category: trade · region China-Canada · magnitude low
- Page: https://feedsoft.ai/events/41385-statement-by-minister-ng-and-minister-bibeau-on-china-s-removal-of-restrictions
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- canada.ca: https://www.canada.ca/en/global-affairs/news/2022/05/statement-by-minister-ng-and-minister-bibeau-on-chinas-removal-of-restrictions-on-canadian-canola-exports.html
- canolacouncil.org: https://www.canolacouncil.org/news/canola-council-statement-on-chinas-removal-of-restrictions-for-canola-exporters/

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