Newspaper article The Canadian Press

China-Canola

Newspaper article The Canadian Press

China-Canola

Article excerpt

Chinese canola decision weighs on prices

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China's decision to block some Canadian canola imports has helped push down the commodity price and has created a logistical headache for exporters who rely on the key overseas market.

China's foreign ministry said today it is blocking some imports of Canadian canola due to fears of insect infestation.

Richardson International -- one of Canada's largest grain producers -- said Beijing had revoked its permit to export canola there amid infestation allegations.

Canada disputes that claim.

Some have suggested the block may be the latest swipe against the Canadian government for arresting a top Chinese tech executive and holding her for possible extradition to the U-S.

Bruce Burnett, director of weather and markets at Glacier FarmMedia, says they have seen a huge drop off in canola prices, especially over the past couple of weeks. …

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