Source: Tom Vernon, Global News, September 2, 2019
Unresolved trade tensions with China and a large world supply of canola have pushed prices for the valuable crop down as producers head into their fields for the fall harvest.
“We’re hoping that turns around — the situation with the exporting,” said Joe Bendoritis, who farms south of Edmonton.
In March, China banned canola seed exports from Canadian firms Richardson and Viterra after the arrest of Huawei Technologies executive Meng Wanzhou in December.
The country is a huge market for Canadian canola, accounting for $2.7 billion in sales in 2018.
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