Farms.com Home   Ag Industry News

Sask. trade minister: canola resolution needed

Sask. trade minister: canola resolution needed

The Chinese market is “vitally important” for canola farmers, Jeremy Harrison said

By Diego Flammini
Staff Writer
Farms.com

Saskatchewan’s provincial trade minister has outlined the severity of the canola trade situation with China to his federal counterpart.

Regaining full access to the Chinese market is imperative for the province’s canola farmers, said Jeremy Harrison.

China is “our largest export market for canola, not just by a little bit – by orders of magnitude,” he said Tuesday, the Regina Leader-Post reported. “That’s why it needs to be elevated to the level of a very significant national effort.

“I underlined to (federal trade) Minister (Jim) Carr that (the federal government) need to make a decision immediately.”

Saskatchewan growers exported about $1.4 billion of canola products to China in 2017. Since March 6, 2019, however, China has suspended imports of canola products from three Canadian grain handlers.

The federal government is waiting for Chinese ag officials to respond to Marie-Claude Bibeau, Canada’s agriculture minister.

Bibeau sent a letter to China on April 1 asking that scientists meet to resolve the trade issue, Carr said.

“We await that response and we will continue to work together with provincial governments and with the industry to get to a resolution as fast as we can,” he told reporters Monday.

The federal government has also set up a working group of government and industry representatives to find solutions to the Chinese trade issue.

Canola industry reps from other provinces are also keeping an eye on the trade situation.

It hasn’t happened yet, but producers could switch from canola to another crop, said Simon Ellis, owner of Ellis Seeds in Wawanesa, Man.

“We haven’t seen anyone switch away from canola acres yet,” he told PortageOnline. “There’s certainly been some questions as to what other options there are out there, but nobody’s actually pulled the trigger yet. I think there’s some optimism that the trade disputes or the challenges going forward will get resolved.”

Farms.com has reached out to members of the canola industry for comment.

Jeremy Harrison/Twitter photo


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.