Business & Finance
Chinese Crushers Seek Australian Canola on Trade Pact Hopes
Key Points
Chinese Crushers Seek Australian Canola on Trade Pact Hopes Chinese oilseed crushers have made inquiries for fresh cargoes of Australian canola in anticipation of a trade pact that could end a years-long freeze on supplies. Since 2020, the two countries have suspended trade in the commodity — also known as rapeseed — due to so-called phytosanitary concerns, which can include plant disease. But Chinese state-run trader Cofco International Ltd. resumed booking of shipments on a trial basis...
Chinese Crushers Seek Australian Canola on Trade Pact Hopes
Chinese oilseed crushers have made inquiries for fresh cargoes of Australian canola in anticipation of a trade pact that could end a years-long freeze on supplies.
Since 2020, the two countries have suspended trade in the commodity — also known as rapeseed — due to so-called phytosanitary concerns, which can include plant disease. But Chinese state-run trader Cofco International Ltd. resumed booking of shipments on a trial basis last year, stoking hopes of a wider resumption.