# Canola Council celebrates Chinese decision enabling new seed innovation

> China approved two biotech canola traits, a Liberty tolerance trait from BASF and Bayer's TruFlex trait, opening the way for commercialization. The Canola Council says the traits and Corteva's Optimum GLY could add $400 million in annual canola production on the same land. Canada and China also agreed to double agricultural trade by 2025.

- Date: 2019-01-08 · published 2019-01-08T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/61075-canola-council-celebrates-chinese-decision-enabling-new-seed-innovation
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Approval of new traits in China, Canada's largest seed customer, supports a larger future canola supply and reassures buyers, which is bearish for longer-term canola prices.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- canolacouncil.org: https://www.canolacouncil.org/news/canola-council-celebrates-chinese-decision-enabling-new-seed-innovation/

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