# China’s ban on Canadian canola imports leaves growers in a bind - The Globe and Mail

> Statistics Canada reported that farms held 2.6 million tonnes of last year's canola at the end of July, 60% more than a year earlier, and processors held 46% more. The storage rise is attributed mainly to China halting most canola imports after Canada's arrest of a Huawei executive. Canola prices have also dropped amid a broader decline in global field crop prices.

- Date: 2019-09-06 · published 2019-09-06T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/57053-china-s-ban-on-canadian-canola-imports-leaves-growers-in-a-bind-the-globe-and
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Large unsold canola stocks in Canada add to a surplus that weighs on canola meal and seed prices until China reopens. Farmers' carry-over may also slow the 2019-20 marketing pace.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-chinas-ban-on-canadian-canola-imports-leaves-growers-in-a-bind/

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