Canada’s Canola Farmers Pay The Price for Huawei Spat — Panjiva
Más

Panjiva_research_logo

Canada’s Canola Farmers Pay The Price for Huawei Spat

Ags - Grains/Beans 162 Canada 338 China 1758 Cons. Staples - Food/Beverages 395

China has halted imports of Canadian canola amid a worsening of relations between the two countries, in part due to the detention of Huawei’s CFO. That has also extended a drop in the price of canola to 6.0% year-to-date. The product has been the center of a series of disagreements between the two countries since late 2016. China accounted for 47.3% of Canada’s $4.29 billion of canola exports in 2018. A suspension of purchases by Southsea Oils and Chinatex Grains comes as Canadian exports already fell 11.6% year over year in 2018 due in part to declining prices.

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.