Farmers eye cutting back canola crop to deal with fallout from Chinese import ban [Toronto Globe and Mail (Ontario, Canada)]
Richardson Electronics, Ltd. (RELL)
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Source: Toronto Globe and Mail
Farmers eye cutting back canola crop to deal with fallout from Chinese import ban Planting of canola across Canada this year could tumble by 1 per cent or more as desperate farmers scramble to deal with the fallout from a Chinese import ban. A significant cut in canola production would be a blow to the economic fortunes of farmers, particularly in Western Canada, who have relied on sales of the lucrative crop in recent years to sustain their operations through the long growing season, industry officials warned a Parliamentary committee on Tuesday. “Canola has been the most cash-generating crop for Canadian farmers,” said Curt Vossen, president and chief executive of Winnipeg-based Richardson International Inc., one of two Canadian exporters that have been prohibited from selling canola in China. “This has put a chill on the market.” Story continues below advertisement Farmers could reduce their canola crop by 1 per cent or more this year to mitigate the loss of their biggest export ma
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- Richardson Electronics Announces Date of Third Quarter Fiscal Year 2024 Conference CallGlobeNewswire
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