China has introduced a temporary duty of 75.8% on Canadian canola, causing futures to drop by 4.6%

The Ministry of Commerce of China announced that the anti-dumping investigation initiated in September 2024 found that Canada's agricultural sector, specifically the canola industry, benefited from significant government subsidies and preferential policies. Therefore, starting from August 14, 2025, China is imposing preliminary anti-dumping duties on the import of Canadian canola at a rate of 75.8%. This came as a complete surprise to the market, and November futures for canola fell by 4.6% to 650 CAD/t or 472 $/t (-4.6% for the month), after which rapeseed quotations on the Paris exchange decreased by 1.5%. The reason for the new escalation in the annual trade dispute, which began with Ottawa imposing tariffs on the import of electric vehicles from China in August 2024, is currently unclear, as in June 2025, Chinese Premier Li Qiang stated during a phone call with Canadian Prime Minister Mark Carney that there were no deep conflicts of interest between the countries. China, the ...