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Canada's Minister of International Trade Diversification issued a statement confirming that Canada is seeking bilateral consultations with China at the WTO over canola. The government also cited support for farmers, including larger Advance Payments Program limits and an extra 150 million dollars in export insurance through Export Development Canada.
Formal WTO consultations are a procedural step that could lead to a dispute, but they do not restore Chinese demand. Canola prices will stay pressured until market access is reopened.
canada.caGlobal Affairs CanadaSep 6, 2019Not 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.
