Canola seed exporters report Chinese companies — one of their major markets — have stopped buying their product, according to an industry group.
Canola seed exporters have told the Canola Council of Canada that Chinese importers are currently unwilling to purchase their product, the group said in a statement released Thursday. Companies that are members of the council include Viterra Inc., Louis Dreyfus Company, Cargill Ltd. and Parrish & Heimbecker Ltd.
At the time, some suggested the move was retaliation for Canada’s arrest of a top Chinese tech executive. In December, Canadian authorities arrested Huawei Technologies Co. Inc. senior executive Meng Wanzhou in Vancouver at the behest of the United States. Canada exports about 40 per cent of its canola seed, oil and meal to China with canola seed exports to the country being worth $2.7 billion in 2018, according to the council.
TRADE WAR! TRADE WAR! TRADE WAR!
Best foreign policy team in Canadian history. Canada is just so lucky.
Canada's 4-year sentence for being duped on election day is in its final 7 months.
Retaliation against Freeland Co. Trudeau is a major FUp
Western countries need to unify against China
Well Trudeau got involved and killed that cash cow.
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