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China's General Administration of Customs expanded its ban on Canadian canola seed imports to include shipments from Viterra, effective immediately. Chinese customs said the ports of Dalian and Nanning detected pests in Viterra's canola.
This follows the earlier suspension of Richardson International and comes amid a wider Canada-China dispute linked to the arrest of a Huawei executive in Vancouver.
With a second major canola handler shut out, Chinese demand for Canadian canola seed is effectively cut off, which pressures Canadian seed prices lower and redirects supply to other markets.
agcanada.comAGCanadaMar 26, 2019
canadiancattlemen.caMar 26, 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.
