Source: dabaotiente.pro
The increasingly worse relationship between China and Canada
Chinese traders are aggressively looking for replacement global suppliers, when stressing with Canada, there is a risk of importing an important ingredient in animal feed. It is known that Canada is their top supplier.
Buyers have contacted exporters in Australia and India in an effort to replace goods from Canada, which are subject to tariffs or the risk of sanctions due to trade relations between Beijing and Ottawa is getting worse.
China often rely on this North American nation to import most of the canola seeds, called Canola in Canada, and dry oil from grinding seeds into products that are easy to make food for cattle and fish.
But trade activities have been stagnant since March, when Beijing applied taxes on dried dried oils to respond to Canada’s tax on Chinese goods. The government has considered anti -dumping for the import of this type of seed since September. Dried Chinese oil imports from Canada has reached more than 2 million tons last year, worth $ 780 million, while buying canola seeds worth US $ 3.3 billion.
The discord with Canada reflects the broken trade relations of China with the US, a supplier of other important agricultural products that in some cases competing with canola seeds as a component for animal feed factories.
These people said that in the past month, Chinese buyers have asked about ordering canola seeds from Australia, the exporting country of this largest crop in the world, refusing to name when discussing a privacy. This was a complete change compared to the early decade, when Australian shipments came to China. It seems to be due to concerns about quality, and coincided with the decline in political relations between Beijing and Canberra.
These people said that traders in both countries are currently waiting for the approval from the two governments before restarting the purchase.
