# Canola prices tumble, Canadian farmers scramble to find new buyers amid Chinese trade tensions - The Globe and Mail

> Canola prices fell after China expanded its ban on Canadian canola seed imports to include Viterra. Canadian farmers are scrambling to find new buyers, and Chinese importers have also stopped buying canola from Canadian producers. Canola seed represents about 17 per cent of Canadian exports to China, worth $2.7 billion in 2018.

- Date: 2019-03-26 · published 2019-03-26T12:00:00.000Z
- Category: trade · region Canada · magnitude high
- Page: https://feedsoft.ai/events/60087-canola-prices-tumble-canadian-farmers-scramble-to-find-new-buyers-amid-chinese
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The loss of China as a buyer weakens Canadian canola basis and futures prices, and the price effect depends on whether farmers find replacement export buyers.

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-canola-prices-tumble-farmers-scramble-to-find-new-buyers-amid-trade/

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