In Singapore, Reuters reported that Chinese importers secured up to ten Canadian canola cargoes following Prime Minister Mark Carney’s visit to Beijing in January.
Canadian canola is expected to be shipped between February and April, two traders with direct knowledge of the deals said. Each cargo is of around 65,000 metric tons, according to the report.
Ten cargoes, or around 650,000 metric tons, represent over 10% of China’s canola imports in 2024 and about 26% of its total imports last year.
“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.
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Category: Food & Agriculture
