Thursday, March 21, 2019

China stops buying canola from Canada

China has stopped buying canola from Canada.

Canadians say they doubt there will be any quick or easy solution to the situation that began earlier this month with a ban on canola handled by Richardson International.

China is a big canola customer, buying $2.7 billion worth in 2017.

While the Chinese complained about contaminants in the Richardson shipments, the Canadian Food Inspection Agency said its tests have failed to turn up anything of concern.

Some are speculating that it’s a political tactic to pressure Canada to release Meng Wanzhu, chief financial officer for Huawei.

She was arrested because the United States exercised an extradition order so they can try her on charges of breaking an embargo on shipments of certain products to Iran.

Canadian courts have yet to decide whether to grant extradition.