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The Canola Council of Canada welcomed the government's formal request for WTO consultations with China under the SPS agreement. The council says Chinese importers remain unwilling to buy Canadian canola seed and that the export licences of Richardson and Viterra are still suspended.
Canola prices have fallen about 10% since the market access problems began in March.
Stalled access to China keeps Canadian canola seed exports depressed and the domestic price discount wide. The industry's call for concrete action signals that the dispute is not near resolution.
canolacouncil.orgCanola CouncilSep 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.
