On Wednesday, Canada was advised that China has reinstated access for Richardson and Viterra to export canola seed to China.
“This is a positive step forward, restoring full trade in canola with China and ensuring that all Canadian exporters are treated equally by the Chinese administration,” said Jim Everson, Canola Council of Canada (CCC) president. “We will continue efforts to nurture and maintain a predictable, rules-based trade environment. We thank Agriculture and Agri-Food Minister Marie-Claude Bibeau, International Trade Minister Mary Ng and Canada’s trade officials for their support in bringing about today’s announcement.”
Market access restrictions for canola seed to China were first implemented on March 6, 2019.
“With 90% of canola exported, open and predictable trade is fundamental to the success of the canola sector,” says Mike Ammeter, Chair of Canadian Canola Growers Association. “Farmers look forward to strengthening the Canada-China relationship and growing this important agriculture market for canola.”
Seed exports to China have fallen from $2.8 billion in 2018 before the restrictions, to $800 million in 2019, $1.4 billion in 2020 and $1.8 billion in 2021.