Reuters was first to report that China has canceled Canadian agribusiness Richardson International Ltd’s registration to ship canola to China. Tensions between the two countries have risen since Canada arrested a top executive of China’s Huawei Technologies, sparking retaliatory action from Beijing. Richardson confirmed the development, which knocked down canola prices and the Canadian dollar. The most-active May canola futures fell 1.1 percent, while the Canadian dollar dropped to a 5-week low after the report was published.
Reuters exclusively reports China blocks some Canadian canola exports
06 March 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best
Sectors: Commodities & Energy