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Export Development Canada increased credit insurance for canola exporters by C$150 million in sales coverage amid the China dispute. The insurance covers commercially viable contracts for canola seed, oil and meal against non-payment.
Markets such as Pakistan and Bangladesh have shown interest.
Expanded insurance may help Canadian canola exporters find buyers outside China, supporting export flows and prices for meal and oil. The effect is modest because the scale is small relative to total canola trade.
financialpost.comReutersJun 13, 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.
