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Stock impact report

China suspends imports from Quebec-based pork producers Olymel, Drummond [Toronto Globe and Mail (Ontario, Canada)]

GLENCORE PLC UNSP/ADR (GLNCY) 
US:NASDAQ Investor Relations: glencore.com/investors
China suspends imports from Quebec-based pork producers Olymel, Drummond China has suspended imports from two Quebec-based pork producers, a new sign that diplomatic tensions between Beijing and Ottawa could be affecting a wider swath of Canada’s food exports. Pork plants owned by Olymel LP and Drummond Export are suspended from selling into the Chinese market because of what the companies and the Canadian government say is incorrect “labelling” on boxes or import certificates. Tensions between China and Canada arose after the arrest of a Chinese telecom executive at the request of the United States. After Huawei Technologies Co.’s Meng Wanzhou was arrested in Vancouver in December, Canadians Michael Kovrig and Michael Spavor were detained by Chinese authorities. They remain in custody. Story continues below advertisement The pork suspensions are the latest examples of China subjecting Canadian agricultural exports to slower inspections and customs processing, even as Canada’s governm Show less Read more
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