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Cost Of China Meat Ban Approaching $100 Million

The Canadian Pork Council (CPC) says the cost of the temporary suspension of Canadian pork and beef exports to China imposed on June 25 is approaching $100 million.
 
The pork and beef sectors are calling on the Government to make clear their strategy to reopen the Chinese market and ensure there are more options for export diversification when such issues arise.
 
The suspension of product came on June 25th, triggered by China Customs discovering a shipment of non-Canadian pork exhibiting technical irregularities and fraudulently certified as Canadian with falsified documents.
 
The Pork Council is calling on all parties ahead of the upcoming election to articulate how they see this file being resolved.
 
"We have been patient and respectful with the Government. But we are entering our third month out of China and as Chinese importers establish arrangements with alternate suppliers, it will be increasingly difficult for Canada to regain market share once the suspension is lifted," stated a CPC news release. "The financial investments made and commercial relations built to position Canadian meat in China are eroding daily and our global brand will be negatively impacted."
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*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.