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Canada confirms China raised canola-shipment standard

Published 2016-02-24, 03:44 p/m
Canada confirms China raised canola-shipment standard
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WINNIPEG, Manitoba, Feb 24 (Reuters) - The Canadian
government confirmed on Wednesday that China has toughened its
standard for canola shipments, an action that traders say may
discourage sales to the country.
China, Canada's top canola export market, notified Ottawa on
Tuesday of the new measures, Canadian Food Inspection Agency
(CFIA) spokeswoman Tammy Jarbeau said in an email statement.
Reuters reported exclusively on Tuesday that China's
quarantine authority, AQSIQ, told CFIA it would allow no more
than 1 percent foreign material - called dockage - in Canadian
canola shipments as of April 1.
The current allowable dockage range is 2 percent to 2.5
percent. Foreign material can include seeds of other plants or
straw.
Exporters say the new standard will be difficult to achieve.
China's canola imports from Canada tend to slow toward the
end of the August-July crop marketing year anyway, said Errol
Anderson, a crop analyst at Pro Market. Even so, canola futures
look to trade weaker in the near term, he said.
ICE Canada canola futures partly recovered on Wednesday
after tumbling to a nearly 10-month low in the previous session.
GRA/W
The Canadian government will work with China and canola
exporters on standards that are "commercially viable," the
CFIA's Jarbeau said.
Canola, also known as rapeseed, is crushed mainly to produce
vegetable oil.
Canada is the world's biggest canola exporter. Shippers
include Cargill Ltd CARGIL.UL CARG.UL , Archer Daniels
Midland Co ADM.N , Viterra Inc VILC.UL , Glencore Plc GLEN.L
and Richardson International.

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