China retaliates with anti-dumping probe into Canadian canola

“I think China’s upset that we’ve done that to their electric vehicles, so they’re going to retaliate and what better way, in September, to retaliate against than canola,” he said. “Tens of millions of acres of canola coming off right now and what better time to retaliate against canola than during harvest.”

Boxall said China historically has bought 40 per cent of Canadian canola. If the price of canola drops, it’s the buyers who benefit.

“This is a political thing; this is why trade needs to be rules-based. Not these one-offs where they’re mad and can do what they’re doing here threatening an investigation. I think it’s important to remember for any country that’s doing trade, it’s to ensure that its rules based.

Federal Agriculture and Agri-Food Minister Lawrence MacAulay released a statement yesterday saying Canada adheres to rules-based trade and that he will continue to stand “shoulder-to-shoulder” with canola producers.

MacAulay said the Canadian government will always support the agriculture sector as they pursue market access for their world-class products.

–

alice.mcfarlane@pattisonmedia.com

On X: @farmnewsNOW

by Alice McFarlane

China retaliates with anti-dumping probe into Canadian canola

What's Trending