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China has revoked the canola export permits of Richardson International and later Viterra, halting imports of Canadian canola seed on claims of contamination. The move follows the December arrest of a Huawei executive in Canada, raising concerns about retaliation.
Manitoba, the largest canola-growing province, has a canola sector worth about 4.2 billion dollars a year.
Blocked access to China, the largest buyer of Canadian canola, weighs on Canadian canola prices and export flows. Price pressure could persist if the dispute continues.
cbc.caBartley KivesMar 27, 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.
