Agrifood firm Richardson International plans to put up $120 million to dial up the processing capacity of its canola crushing plant in southern Alberta by over 55 per cent. Privately-held, Winnipeg-based Richardson said Wednesday the new upgrades at its Lethbridge plant are expected to boost its peak annual crush to over 700,000 tonnes of canola per year, […] Read more
Richardson cranking up canola crush, throughput at Lethbridge
No resolution on canola dockage rules from talks in China
CNS Canada — Canadian and Chinese officials met in Beijing last week to discuss potential solutions for an upcoming canola trade policy change, but were not able to find a solution ahead of a looming deadline. China’s quarantine authority is set to impose a standard that would allow just one per cent organic waste material […] Read more
Canada, China canola talks end without deal
Winnipeg | Reuters — Talks between Canadian and Chinese officials ended in Beijing without China backing down from plans to toughen its inspection standard for canola, threatening $2 billion in Canadian exports of the oilseed ahead of a visit by Canada’s prime minister. Discussions will continue between the two governments, and resolving the issue is […] Read more
Bunge crush plant taking deliveries after fire
U.S. agrifood firm Bunge’s canola crushing plant at Nipawin in northeastern Saskatchewan is taking deliveries from farmers following an Aug. 2 fire. Bunge spokesperson Deb Seidel said via email Tuesday the plant is “partially operational” and the company expects it to be fully operational in about a month. Local media last week quoted fire officials […] Read more
ICE weekly outlook: Canola looks to widen out range
CNS Canada — ICE Futures Canada canola contracts appear poised to chop around a new $20 trading range ahead of the harvest. The front-month canola contract had been down at $446 per tonne to start the week (Aug. 3-10) until speculator activity and spillover gains from vegetable oil helped bring it up to the $460 […] Read more
Canada, China meet to solve canola spat as deadline looms
Winnipeg | Reuters — Canadian officials are in Beijing this week to try to convince China to back off a plan to toughen its standard for Canada’s canola shipments, which has stalled $2 billion in trade, government and industry officials said on Wednesday. China’s quarantine authority AQSIQ told Ottawa in February that it would impose a […] Read more
Bunge canola plant damaged in fire
U.S. agrifood processor Bunge is sizing up damage to its canola crushing plant at Nipawin in northeastern Saskatchewan after a fire in one of its buildings Tuesday. According to local media, firefighters were called to the plant late Tuesday afternoon and fought a fire at the site until after midnight. Scott Roblin of the Nipawin […] Read more
ICE weekly outlook: Canola sitting right above support
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but held above major support as prices remain relatively cheap compared to other oilseeds. Fund traders adding to short positions were behind much of the weakness in canola, although traders said the net short position was reaching the point that […] Read more
Proposed Chinese canola dockage rules worry Canadian industry
Commodity News Service Canada – It’s a nervous time for Canada’s canola industry as it lobbies the Chinese government over a plan to impose new dockage rules on imports of Canadian canola on Sept. 1. That’s when China’s quarantine agency, AQSIQ, says the dockage allowances for Canadian canola will be pegged at one per cent, down […] Read more
Five steps to market-ready canola
International buyers are testing like never before — but meeting their standards is easy
Reading Time: 2 minutes Growing a good canola crop isn’t just about high yield or quality — it’s also about getting that crop ready to market on a global scale. “We export about 90 per cent of what we produce in Canada, so being able to meet the requirements of our export customers is really important for having open […] Read more