Chinese importers have already bought at least 10 boatloads of Canadian canola cargoes following Prime Minister Mark Carney recent visit to China where he announced China’s tariffs on Canadian canola, oil and meal will end March 1 and that Canada will allow up to 49,000 Chinese electrical vehicles into Canada at about six per cent tariff instead of the 100 per cent tariff that went into place after the U.S. placed a similar tariff on Chinese
Each boat will carry about 65,000 tonnes of canola.
“It is easy to get Canadian canola into the Chinese market. Crushers have gone ahead and booked these cargoes,” said one of the sources at an international agricultural company told Reuters news agency.
