Canola prices fell 4.6% after China imposed a temporary 75.8% tariff on Canadian imports

China’s Ministry of Commerce said that the anti-dumping investigation initiated in September 2024 found that Canada’s agricultural sector, particularly the rapeseed industry, benefited from significant government subsidies and preferential policies, so starting from August 14, 2025, China will impose preliminary anti-dumping duties on imports of Canadian rapeseed at a rate of 75.8%. This came as a complete surprise to the market, and November canola futures fell 4.6% yesterday to 650 CAD/t or $472/t (-4.6% for the month), after which rapeseed quotes on the Paris stock exchange fell 1.5%. The reason for the new escalation in the year-long trade dispute, which began with Ottawa’s imposition of tariffs on electric vehicle imports from China in August 2024, is currently unclear, as in June 2025, Chinese Premier Li Keqiang, during a telephone conversation with Canadian Prime Minister Mark Carney, stated that there were no deep conflicts of interest between the countries. China is the ...