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CHINA TURNS TO OTHER COUNTRIES FOR CANOLA BECAUSE OF TENSIONS WITH CANADA
May 12, 2025
By Hallie Gu, Pratik Parija and Keira Wright, Bloomberg
Chinese traders are scouring the globe for alternative sources of rapeseed (canola), as tensions with Canada, their top supplier, risk choking imports of a key ingredient in animal feed.
Buyers have tapped exporters in Australia and India, according to people familiar with the matter, in a bid to replace Canadian purchases, which are subject to either tariffs or the threat of measures due to worsening trade relations between Beijing and Ottawa.
China has typically relied on the North American country for the bulk of its imports of rapeseed, known as canola in Canada, and the meal that's derived from crushing the crop into a product that's easily fed to livestock and fish.
But the trade has been on the skids since March, when Beijing slapped hefty tariffs on cargoes of rapeseed meal in a tit-for-tat response to Canadian duties on Chinese goods. The government has imports of the crop itself under an anti-dumping review that's been ongoing since September. China's meal imports from Canada topped 2 million tons last year, valued at $780 million, while its rapeseed purchases were worth $3.3 billion.
The spat with Canada mirrors China's wider breakdown of trade relations with the U.S., another important supplier of farm goods that in some cases compete with rapeseed as an ingredient for feed mills.
Chinese buyers have inquired over the past month or so about booking rapeseed from Australia, the world's No. 2 exporter of the crop, the people said, declining to be named discussing a private matter. It's an about-turn from earlier this decade, when Australian shipments to China dropped to nothing. That was ostensibly due to concerns over quality, which also coincided with deteriorating political ties between Beijing and Canberra.
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