Some say pushing back a ban on products linked to deforestation would hurt companies that have already paid to comply
LONDON/BRUSSELS (Reuters) — Companies that have paid to source agricultural produce that complies with the European Union’s anti-deforestation law would lose out if the EU decides to delay implementing the legislation by a year, industry groups and traders said. Deforestation is the second largest source of the greenhouse gas emissions that cause climate change after […] Read moreTag Archives canola exports
Booming Chinese demand drives canola exports
The country is thought to be buying so much canola this year due to its poorer crop and higher palm oil futures prices
The Canadian grain and oilseed sector continues to have an overreliance on Chinese exports, which was illustrated by the Canadian Grain Commission’s August report on exports of Canadian grain and wheat flour. China imported 796,900 tonnes of grain, oilseeds and pulses during the month, which is the highest level in more than 10 years. This […] Read more
Dumping probe guaranteed to hurt
China’s investigation of Canadian canola for potential dumping came after Canada announced the upcoming 100 per cent tariff on electric vehicles and 25 per cent tariff on steel and aluminium from China. It’s clear this move by China is direct retaliation. Trade tensions between countries can severely disrupt international trade. The mere threat of an […] Read more
Booming canola exports, domestic use offset low prices
The weakest canola price since 2020 appears to be helping to stoke domestic and export demand for the oilseed. The crop year is young, but canola exports and domestic use are so far running at a record pace. Exports stand at 1.676 million tonnes over the first seven weeks of the crop year to Sept. […] Read more
EU pressured to ease deforestation regulation
European Union was expected to need more canola once it began restricting imports of products linked to deforestation
SASKATOON — The European Union is coming under increasing pressure to delay and to soften its proposed deforestation regulation. And that could “limit the upside” canola exporters were anticipating because of the new law, says an analyst. Related stories: The regulation will ban the import of products linked to the destruction of the world’s forests, […] Read more
China threat on canola unpalatable, not surprising
The most concerning aspect of Canadian farmers caught in a trade dispute between China and Ottawa is the lack of surprise. The federal government knew China was likely to target Canadian canola exports before it placed 100 per cent tariffs on Chinese electric vehicles and a 25 per cent surtax on imports of steel and […] Read more
Where will China buy canola?
SASKATOON — China’s canola crushers could face significant hardships if the country slaps tariffs on Canadian exports, say analysts. MarketsFarm analyst Mike Jubinville wonders where the Asian giant will get the canola it needs to fuel its vast crush sector. Related stories: Australia is the world’s second largest exporter of the commodity behind Canada. However, […] Read more
Canola exports pick up late, keep carryout manageable
Canola exports picked up in the last two months of the crop year, meaning full year exports were close to the figure in Agriculture Canada’s supply and demand report issued in June. As well, domestic use wound up higher than forecast, so the year-end carryout should not be a burdensome factor. Agriculture Canada had forecast […] Read more
Canadian canola exports to Mexico plummet 65 per cent
Canada is expected to remain Mexico's largest supplier of canola, but Australia is making major inroads in that market
SASKATOON — Canada’s canola shipments to Mexico are plummeting. Exports to that destination totaled 279,900 tonnes through the first seven months of the 2023-24 campaign. Related stories: That is down from 801,100 tonnes for the same period a year ago, a 65 percent drop. Canadian canola sales have generally been lacklustre to date, but the […] Read more
Canola recovery still possible
SASKATOON — Canada can still recover from its slow start to the 2023-24 canola export campaign, says an analyst. Exports are running about one million tonnes behind the pace needed to meet Agriculture Canada’s target of 7.7 million tonnes, said Chuck Penner, analyst with LeftField Commodity Research. Sales to China have been particularly lacklustre. However, […] Read more
