Overview
- The duty threatens roughly two-thirds of Canada’s canola seed exports, a market valued at about $4–5 billion annually.
- Canada’s trade and agriculture ministers rejected Beijing’s dumping finding with the declaration “we do not dump canola” and offered constructive talks.
- Intercontinental Exchange canola futures plunged 4–6 percent to multi-month lows, raising concerns over farmer liquidity ahead of harvest.
- Provincial leaders and groups such as Saskatchewan Premier Scott Moe and the Canola Council of Canada are urging federal financial support and high-level diplomacy.
- China’s probe must conclude by September—with a possible six-month extension—and it has also opened investigations into Canadian pea starch and halogenated butyl rubber.