24 Nov Australian Canola Shipments Recommence To China
Current tensions between Canada and China could result in an opportunity for Australian farmers to increase the volume of canola exports to China.
Alongside an anti-dumping probe into Canadian canola, Beijing imposed preliminary duties of 75.8% on imports of the oilseed from the country in August, bringing shipments to a virtual standstill amid a larger diplomatic and trade dispute between the two countries.
Whilst Canada has been China’s main canola supplier for several years, the current situation could result in Australia’s $4-billion canola export industry reinstating trade with what was once one of its most valuable customers.
FOLLOW US FOR THE LATEST NEWS!
Simply click here to follow our LinkedIn Company Page to stay up-to-date with the latest industry news that may impact your business.
Sorry, the comment form is closed at this time.