CNS Canada — Weekly Canadian canola exports hit their second-highest level of the marketing year to date during the latest reporting period, although total out-of-country business is still running behind the year-ago level. Canada exported 293,300 tonnes of canola during the week ended Sunday, according to the latest Canadian Grain Commission data. That compares with […] Read more
Canadian canola exports picking up
China delays new canola rules in late reprieve for Canada
Beijing | Reuters –– China agreed on Wednesday to delay introducing stricter rules on shipments of canola from Canada while both countries work to end a months-long trade spat over sales of the oilseed, offering an 11th-hour temporary reprieve for Canada’s farmers. Just a day before the new standards were due to go into force, […] Read more
Canadian canola exporters book sales to China
Winnipeg | Reuters — Canadian exporters are making small sales of canola to China under Beijing’s stricter terms, an industry group and three sources said, possibly undermining Ottawa’s hardline negotiating stance with the world’s top market for the oilseed. The dispute over the new shipping standard, which industry groups in the world’s biggest canola exporter […] Read more
China’s canola meal supply may fall under tighter standards
Beijing | Reuters — China may suffer a shortage of canola meal, a protein-rich feed ingredient, after Beijing plans to toughen the import standards for the oilseed from major exporters, industry analysts said. China will allow no more than one per cent of foreign material in canola shipments starting April 1, the country’s quarantine agency […] Read more
China tightens dockage rules on Canadian canola
Reuters — The Canadian government confirmed Wednesday that China has toughened its standard for canola shipments, an action that traders say may discourage sales to the country. China, Canada’s top canola export market, notified Ottawa on Tuesday of the new measures, Canadian Food Inspection Agency (CFIA) spokeswoman Tammy Jarbeau said in an email statement. Reuters […] Read more
Canola exports seen moving slower than expected
CNS Canada –– Sales of canola out of the world’s top canola-exporting country are moving slower than merchants had anticipated — and market watchers attribute Canada’s sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International, attributing it to a lack […] Read more
Canola exports to feel pinch of Chinese market crash
CNS Canada — Canada’s canola exports will likely get dragged down by the sea of red ink flowing from Chinese markets, according to an analyst. “It will slow the export market. The whole canola engine has shrunk a little bit. Production will be down about 15 per cent or thereabouts,” said Errol Anderson of ProMarket […] Read more
‘No news is good news’ for Canadian canola exports
CNS Canada — Steady end-user demand and a lack of any problems from a logistics standpoint are keeping Canadian canola exports moving at a solid pace — but a repeat of the record business of 2013-14 is still unlikely. “There is still some demand out there, but it’s probably not as strong as (at) the […] Read more
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