In a significant move reflecting shifting trade dynamics, Chinese state trading firm COFCO has secured up to nine cargoes of Australian canola, totaling approximately 540,000 metric tons. This decision comes in the wake of Beijing’s imposition of preliminary anti-dumping duties of 75.8% on Canadian canola imports in August, effectively halting shipments from Canada, its traditional supplier. The purchases represent about 8% of China’s total canola imports last year, highlighting the nation’s ability to pivot to alternative sources amid ongoing trade tensions.
Exclusive: China snaps up Australian canola after trade spat with Canada, sources say
