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Regina-based Viterra Inc. has had its canola licence revoked by China, the second Canadian company hit after Richardson International. Chinese customs said pests were detected at the Dalian and Nanning ports, and the ban took effect immediately.
The Canola Council had said the previous week that Chinese orders had dried up across several sellers.
Losing two major canola handlers sharply reduces China's access to Canadian seed, which pressures Canadian canola prices and forces farmers to find alternative buyers.
cbc.caPete EvansMar 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.
