China revokes Canadian canola permit as dispute escalates - News Summed Up

China revokes Canadian canola permit as dispute escalates


China’s action against Richardson International Ltd. following non-compliance notices alleging that some imports from Canada were contaminated with pests or bacteria. We do not believe there’s any scientific basis for this,” Canadian Foreign Affairs Minister Chrystia Freeland said in Montreal. China is the destination for about 40 percent of Canada’s canola exports, and the revocation of Richardson’s permit hurts the entire value chain of industries involved in the market, the Canola Council of Canada said. Dancho said that while the diplomatic frictions between China and Canada are concerning, there is no clear evidence they are related to the canola dispute. The industry should be concerned because if China cuts back on buying it would hit prices further, Townsend said.


Source: Washington Post March 06, 2019 02:26 UTC



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