The Huawei feud isn’t the only reason canola exports to China are tanking [Toronto Globe and Mail (Ontario, Canada)]
Richardson Electronics, Ltd. (RELL)
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Source: Toronto Globe and Mail
The Huawei feud isn’t the only reason canola exports to China are tanking The accepted narrative in Canada is that canola farmers have become scapegoats in a nasty feud between Ottawa and Beijing over the arrest of a top Huawei Technologies executive in Vancouver. Ottawa has responded by doubling the interest-free loans available to farmers, who worry about losing a $4-billion-plus per year export market. Speaking to reporters in Ottawa last week, Trade Minister Jim Carr cast the financial aid as part of an effort to “navigate the challenging period with China.” Story continues below advertisement It is true that China has banned two of Canada’s largest canola exporters – Richardson International Inc. of Winnipeg and Viterra Inc. of Regina – over allegations that some recent shipments contained weeds and other contaminants. But there is another equally important reason why Canadian canola exports to China are plunging. And it has nothing to do with Huawei or Chinese import restriction
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- Richardson Electronics Announces Date of Third Quarter Fiscal Year 2024 Conference CallGlobeNewswire
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