According to Canola Council President Jim Everson, China has expanded its restrictions on the purchase of canola from one company to all Canadian exports.

This move followed a decision by Chinese officials earlier this month to stop buying canola from Richardson International, Canada’s largest grain company.

China did not issue a notice that it had stopped purchasing Canadian canola, and it is believed that the restrictions are aimed solely at new sales, and not at already concluded contracts.

China buys 40% of Canadian exports of canola seeds, butter and flour. The Council states that canola seed exports to China totaled $ 2.7 billion in 2018, but all canola trade with China is valued at $ 3.6 billion, representing about half of Canada's exports to China.

According to Jim Everson, the best way to resolve the issue of banning Canadian canola in China is to study technical issues and ensure ongoing dialogue with Chinese officials. “I think that the way to solve this problem is to take the problems of China very seriously and be able to conduct a dialogue at the technical and scientific level with the Chinese in order to understand why they have one opinion and ours have a different opinion,” he said. President of the Canola Council.

Canola - short for English. Canadian Oil, Low Acid “Canadian Low Acid Oil” is a crop. Canadian varieties of rapeseed and colza, the seeds of which are characterized by a low content of erucic acid and glucosinolates.