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Canadian agri-food stakeholders are optimistic that a potential free trade agreement with China could boost export value and predictability. Negotiations are expected to begin by the end of 2017 and could take up to four years to complete.
Canola currently faces a nine per cent Chinese tariff.
A future FTA could remove the nine per cent canola tariff and reduce wheat and barley trade barriers, supporting Canadian canola and barley export demand. The effect on prices is years away, so the near-term market impact is limited.
grainswest.comtommy wilsonOct 2, 2017Not enough comparable past events yet for a historical read.
Not 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.
