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Chinese importers are unwilling to buy Canadian canola seed for now, according to the Canadian industry group. China normally takes about 40 per cent of Canadian canola seed exports.
Chinese customs had earlier revoked the sales licence of Richardson International over alleged pests, which the company denies.
China is a key buyer of Canadian canola, so a broad halt in purchases removes a large share of export demand and weighs on Canadian canola prices.
cbc.caPete EvansMar 22, 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.
