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Stats Canada Predicts Record Canola Production In 2017

Stats Canada Predicts Record Canola Production In 2017
 
Canola production in Canada is estimated to reach a record 19.7 million tonnes in 2017, according to Statistics Canada's model-based principal field crop estimates.
 
Soybean production is also estimated to reach a record, at 8.3 million tonnes.
 
Current oilseed prices and profitability have encouraged Canadian farmers to plant record acreage for both of these crops.
 
Production is estimated to increase in 2017 for canola (+0.5%), corn for grain (+8.5%), oats (+19.0%) and soybeans (+28.8%) compared with 2016.
 
Production is estimated to decline in 2017 for barley (-16.8%), canary seed (-17.1%), flaxseed (-14.8%), lentils (-24.9%), mixed grains (-5.5%), mustard seed (-51.2%), dry field peas (-20.1%), fall rye (-19.6%), durum wheat (-44.6%), spring wheat (-1.8%) and winter wheat (-21.6%) compared with 2016.
 
Source : Steinbachonline

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.