China Buying Canadian Canola Again

China has resumed its purchases of Canadian canola, an early sign of a revival in the trade after the nations reached a deal this month, Bloomberg reported. “Crushers in the country have booked cargoes of Canadian rapeseed, known locally as canola, for loading in the next few months, according to people with knowledge of the shipments. Importers also booked some canola meal for loading between April to June, said other people involved in the deals,” said the report. China’s imports of canola and canola products from Canada — a trade valued at C$4.9 billion ($3.6 billion) in 2024 — had plunged last year after Beijing imposed steep levies on the goods, a move seen as retaliation for Ottawa’s tariffs on Chinese electric vehicles and other industrial products.
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