Australia is preparing to send test batches of canola to China after a multi-year ban

Source:  AgroExpert
рапс

Canberra is negotiating with Beijing to send five trial shipments of canola in a first step toward lifting a multi-year ban, sources told Reuters.

China, the world’s largest canola importer, buys most of its canola from Canada, but those shipments could be curtailed by Beijing’s anti-dumping probe. China has imposed 100 percent tariffs on Canadian canola meal and oil this year amid diplomatic tensions.

Australia, the world’s second-largest canola exporter, lost market access to China in 2020, largely because of China’s phytosanitary requirements over blackleg fungus.

Chinese and Australian officials are finalizing a framework agreement to implement Beijing’s phytosanitary requirements to prevent the fungus from spreading, industry sources told Reuters.

Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!

Tags: ,

Got additional questions?
We will be happy to assist!