China duties on Canadian canola may advantage Australia
China, Canada last August in August, the importation of tariffs for Chinese electric vehicle imports in a year-lasted trade dispute announced the preliminary anti-Damping tasks for the importation of Canada canola.
The Ministry of Commerce said in a statement that the temporary rate will be determined as 75.8 percent from Thursday.
Canada Canada Council President Chris Davison, the Chinese market effectively closed for Canada Canola, and Canada’nın 2024 in 2024 about $ 5 billion ($ 5.60 billion) said that the oil -seed crops exported.
After the announcement, Ice Kasım canola futures fell to 6.5 percent.
“This really came as a surprise and shock,” RBC Dominion Securities, “This is really a surprise and shock.” He said.
China, the world’s largest canola importer, also known as rape seed, causes almost all product materials from Canada.
Perpendicular tasks will end imports if they are protected.
“This is very big. This is very big. Canada will pay 75 percent deposit to bring Canada to China? He said.
In March, China applied canola oil and recipes.
Canada is currently facing tariffs for goods from the United States, and is in a conflict of trade with the two largest economies in the world.
Canada’s number one canola market is the US and then China.
The Chinese Ministry of Commerce said that an anti -Damping investigation initiated in September 2024 has found that Canada’s agricultural sector – especially the canola industry – benefited from important government subsidies and preferential policies.
The Canadian government and the canola industry have previously rejected the allegations of abandoning.
The industry believes that China’s complaint is based on other ongoing trade and political disputes.
The final decision may result in a different proportion or may cause Tuesday’s decision to overthrow.
The decision points to a change of reconciliation in June, when China’s prime minister Li Qiang said that there were no deep seated conflicts of interest during the telephone conversation with Canadian Prime Minister Mark Carney.
“This movement … The Canadian government will create additional pressure for the ranking with trade friction with China.” He said.
Canada Trade, Agriculture and Prime Ministry immediately did not respond to the request for comments.
Canada Chinese electric vehicles, steel and aluminum brought tariffs.
According to the Ministry statements, China also launched an anti-dumping investigation about the Canadian pea starch and brought temporary tasks on halogenic butil rubber imports.
Analysts say that millions of tons of Canadian canolas will be difficult in a short time.
China uses imported canola to make animal feed for aquaculture sector and eating oil.
The movement offers an opportunity for Australia, which seems to be ready to regain access to the Chinese market with test loads this year after a year of freezing in trade this year.
Australia, the second largest canola exporter, has been closed from the Chinese market since 2020 due to Chinese rules to stop the spread of mushroom plant disease.
However, even if the Australian imports increases, it will be very difficult to fully change the Canadian Canola unless the demand for imports sharply falls, “he said.
Davison said that his industry believes that Canada would need canola to meet the demand of China in recent years.
“I think expectation is that they cannot meet these needs with a product quality and the volume we provide.” He said.
Canadian Canola Breeders Association President Rick White, Canadian farmers are about to start harvesting canola and prices will not be happy to see that the fall, he said.
As long as the prohibited task, farmers face repressed prices.
“For farmers will definitely have a damping effect for farmers and they will be stuck with it.” He said.
