Chinese importers have stopped buying Canadian canola seed: Industry group

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 99%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Canola seed exporters report Chinese companies -- one of their major markets -- have stopped buying their product, according to an industry group.

Last Updated Friday, March 22, 2019 6:22PM EDT

"Chinese buyers became uninterested in buying Canadian canola," said Brian Innes, vice-president of public affairs for the Canola Council of Canada. "What we understand is that the concern or the reluctance of Chinese buyers to purchase Canadian canola is not coming from their concern about the quality of our product," he said, adding they've had no quality questions from other markets.At the time of the Richardson announcement, some suggested the move could be retaliation for Canada's arrest of a top Chinese tech executive. In December, Canadian authorities arrested Huawei Technologies Co. Inc.

The most immediate problem though, Innes said, is a drop in price for the commodity, especially for farmers who still have unsold canola from last year's crop.David Reid, 42, is a partner at the family farm he grew up on in Cremona, Alta. -- about 90 kilometres northwest of Calgary. Canola accounts for about 30 per cent of what the farm produces.

Still, he believes the fundamentals of the canola trading relationship between the two countries are very strong.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Sanction them

And it's too bad we have to buy their cheap crap, but these days not much choice

And farmers are not able to compete with the world cause we are stuck with Xplornet and pay $1.00per gigabyte of data.

China is devious self serving pig headed selfish...........

Canada should stop buying Chinese Apple Juice ! Seriously, There are plastic bottles of Apple Juice labeled, Canada’s Choice” that’s a product from China. Why can’t Canada make its own apple juice ?

Another Trudeau accomplishment.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 1. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Chinese importers have stopped buying Canadian canola seed: Industry groupChinese companies have stopped buying canola seed from Canadian producers, says an industry group, leaving exporters trying to sell their supply to other markets. Stop buying Chinese everything ! They haven’t stopped exporting fentanyl though have they? What Trudeau does best. Screws up trade with other countries. Gives away our tax money to unfortunate outside of Canada. Steals/waste our money through scandals & corruption Tax us more through carbon tax cause he needs more money. Worst PM of all time.
Источник: CP24 - 🏆 30. / 67 Прочитайте больше »

China has now stopped buying any Canadian canola — and that’s 40% of our marketCaught in trade dispute between China and Canada, farmers forced to sell their crops for less or hold on to them until prices improve Well Trudeau got involved and killed that cash cow. Western countries need to unify against China Retaliation against Freeland Co. Trudeau is a major FUp
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »

How to finance a Canadian tech startup, from pre-seed to series DInnovation Nation: There are three crucial stages to the funding process
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »