Rapeseed market under tariff attack

Published 2025년 3월 27일

Tridge summary

China has announced tariffs on over CAD $2.6 B worth of agricultural and food products from March 20, including goods from Canada, the US, and Europe. The tariffs will significantly impact the global market for canola seed, oil, and meal, as Canada is a major exporter of these products. This move could be attributed to the ongoing trade tensions and the US's tariffs on Canada, set to begin in February 2025. This development is expected to negatively affect the global canola market, which Canada plays a crucial role in with a 42% share of worldwide exports. The situation is further complicated by previous disputes between Canada and China, leading to import bans. The situation is likely to be resolved through negotiations and diplomatic means, but the extent of the market's recovery remains uncertain.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canada: China: China will impose tariffs on over CAD $2.6 B of agricultural and food products since March 20 and include: The US tariffs on Canada since February 2025 exacerbates the negative impact on the global canola market. The escalation of trade tensions will impact significantly the global market for canola seed, oil and meal, as Canada, the US and China are key players in these markets. Canada accounting for 42% of world canola exports, 52% in the canola oil market, and 59% in the canola meal exports. In the past, Canada and China have had disputes over canola. In 2019, China suspended imports from Canada, citing phytosanitary reasons, but this was most likely a political reaction to some Canadian decisions. The consequences of this canola war were very significant: It took Canada several years to regain China’s share of canola exports. Now China has imposed import tariffs on canola oil and meal, but it will have a similar effect. Most likely, we will have the ...

Source: UkrAgroConsult