NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed Nov 6, 2013 03:47 PM CST

Since Australia signed a Memorandum of Understanding with China last spring which would allow imports of canola into China from all Australian ports except for three, approximately 500,000 metric tonnes have been shipped into the Chinese market. Despite a smaller Australian crop expected in 2013/14, estimated to be between 3.2 and 3.5 million metric tonnes as compared to last year's 4.2 mmt, theland.com reported that up to 1 mmt may be shipped to China in the 2013/14 crop year.

Australia welcomes this surge in Chinese business, with predictions made that China may be the country's No. 1 customer within five ...

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