August 12, 2025
RED FM News Desk
China announced on Tuesday it will impose preliminary anti-dumping duties of 75.8 per cent on Canadian canola imports, marking a sharp escalation in the year-long trade dispute that began when Ottawa placed tariffs on Chinese electric vehicle imports last August.
The duties, set to take effect Thursday, follow a September 2024 investigation in which China’s Ministry of Commerce concluded that Canada’s canola sector had benefited from “substantial” government subsidies and preferential policies.
The announcement sent ICE November canola futures (RSX5) tumbling 6.5 per cent to a four-month low.
“This really came as a surprise and a shock,” said Tony Tryhuk, a trader at RBC Dominion Securities. China is the world’s largest canola importer—also known as rapeseed—and relies almost entirely on Canadian supplies. Analysts say the steep duties could effectively halt trade between the two countries.
“This is huge. Who will pay a 75 per cent deposit to bring Canadian canola to China? It is like telling Canada that we don’t need your canola, thank you very much,” a Singapore-based oilseed trader told reporters.
Loading ...
