Overview

• China’s Ministry of Commerce announced a preliminary 75.8% anti-dumping duty on Canadian canola seed, taking effect August 14.
• Ottawa has rejected Beijing’s dumping allegations and asserted that Canadian canola meets stringent international standards.
• Canola futures tumbled to four-month lows and importers report up to 400,000 tonnes of stranded canola meal in Chinese port warehouses.
• Saskatchewan Premier Scott Moe and other provincial leaders have called for high-level engagement while federal ministers meet with canola industry groups.
• MOFCOM’s probe concludes in September with a possible six-month extension, preserving Canada’s options for negotiation or WTO action.