(Dominique Patton & Rod Nickel – Reuters)
China has canceled major Canadian agribusiness Richardson International Ltd’s registration to ship canola to China, according to a document listing approved exporters posted on the website of the Chinese customs administration on March 1.
It wasn’t immediately clear why Richardson’s exports into China, the world’s top importer of canola, had been halted. Officials at China’s General Administration of Customs didn’t respond to requests for comment.
But the move comes amid heightened tensions between the two countries in a dispute over trade and telecoms technology that has ensnared the chief financial officer of the world’s largest telecommunications equipment maker, Huawei Technologies Ltd, who faces U.S. criminal charges. Click here to read more.
- Canadian Canola Trade on Edge Over Chinese Tensions (Commodity News Service)
- China Halts Canola Shipments From Major Canadian Supplier (CBC News)
- China Halts Shipments From Canada’s Biggest Canola Exporter Amid Tensions (Financial Post)