# Canada’s canola industry betting on big things from Justin Trudeau’s China trip  | Globalnews.ca

> Global News reported that Chinese officials are ready to approve three Canadian-developed canola biotechnology traits, to be announced during Trudeau's Beijing visit. The Canadian canola industry expects the approval to add about $400 million a year in exports to China. The traits are designed to make plants more resistant to weeds, drought and disease.

- Date: 2017-12-02 · published 2017-12-02T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/67469-canada-s-canola-industry-betting-on-big-things-from-justin-trudeau-s-china-trip
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Approval would open a major new export outlet for Canadian canola and its meal, supporting prices for the feed ingredient. The size of the expected gain makes this a meaningful driver for canola meal demand.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- globalnews.ca: https://globalnews.ca/news/3893520/canada-canola-china-justin-trudeau/

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