Canola prices have taken a hit in the wake of China’s decision to block certain Canadian imports, a move that has created a logistical headache for exporters reliant on the key overseas market. Some have suggested the block may be the latest swipe against the Canadian government for arresting a top Chinese tech executive. “We’ve seen a huge drop off in canola prices, especially over the past couple of weeks,” said Bruce Burnett, director of weather and markets at Glacier FarmMedia. Canada supplies about 40 per cent of China’s canola imports. Rick White, CEO of the Canadian Canola Growers Association, said the lower commodity price and blockage of some exports could have a detrimental impact on farmers.

Source: National Post March 06, 2019 20:28 UTC