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  • trade assurance sf adapt canola oil
  • trade assurance sf adapt canola oil
  • trade assurance sf adapt canola oil
  • trade assurance sf adapt canola oil

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  • Will China impose a 100 per cent tariff on Canadian canola oil?
  • In response to Canada, China’s State Council Tariff Commission will impose a 100 per cent tariff rate on Canadian canola oil and canola meal along with several other Canadian agricultural commodities as of March 20, 2025.
  • How much is Canadian canola oil worth in 2024?
  • In 2024, total exports to China were valued at almost $5 billion and included 2 million metric tonnes of canola meal, valued at $921 million and 644 metric tonnes of canola oil, valued at $1.5 million. The tariff rates announced by the State Council Tariff Commission will be prohibitive to the export of Canadian canola oil and meal to China.
  • Why is canola important to Canada?
  • Canola is a significant contributor to Canada’s economy and the livelihood of approximately 40,000 Canadian farmers, as part of an industry generating $43.7 billion annually. China is the second largest market for Canadian canola with exports of canola seed, oil and meal valued at $4.9 billion in 2024.
  • How will Canadian tariffs affect canola?
  • “The application of these tariffs on Canadian-grown canola and canola products will be felt across the canola value chain,” says Chris Davison, Canola Council of Canada (CCC) President & CEO. “Tariffs will have devastating impacts on farmers, input providers, canola crushing activities and exports of canola seed, oil and meal.”
  • Are Canadian canola tariffs causing a fallout?
  • Chris Davison, president of the Canola Council of Canada, said the tariffs are prohibitively high and the fallout will be felt across his industry. He said China is a top market for Canadian canola that represents close to $5 billion in export value. This advertisement has not loaded yet, but your article continues below.
  • How will a trade war affect Canadian canola farmers?
  • Thus, signalling the current trade war could have devastating effect for canola farmers, especially as China accounts for about 65% of Canada’s canola seed export. Additionally, Canada’s canola exports have shown limited diversification, relying heavily on just four countries: the US, China, Mexico and Japan.