China Opens Australian Canola Imports to Private Crushers in Trial Program
Updated
Updated · Bloomberg · Jul 14
China Opens Australian Canola Imports to Private Crushers in Trial Program
3 articles · Updated · Bloomberg · Jul 14
Summary
Private Chinese oilseed crushers were told this week they can apply for permits to import Australian canola, widening access beyond the state-linked buyers that had dominated the trade.
The move places those firms in a trial program that people familiar with the matter said should lead to a formal agreement between Beijing and Canberra to fully reopen the market.
Canola trade between China and Australia has been largely stalled since the start of the decade, making the permit expansion a fresh step in normalizing agricultural ties.