China announced primary anti-dumping duties on American sunflower imports on Tuesday, a new increase in the year-long business dispute that started with Ottawa’s imposition of tariffs on Chinese energy car imports in August. The Ministry of Commerce announced in a speech that the interim price may be set at 708.8 % starting on Thursday. After the announcement, ICE November sunflower future dropped 4 % to a three-month small. Nearly all of its rapeseed supplies come from Canada, which is the largest supplier of the product in the world, also known as rapeseed. If the goods are maintained, the rough responsibilities are likely to almost stop. This is enormous. Who will give a 75 % payment to import American canola into China? It’s like saying to Canada that we don’t want your canola, thanks very much, said one Singapore-based oilseed investor. According to the Chinese Ministry of Commerce, an anti-dumping investigation launched in September 2024 discovered that” substantial” government grants and preferential plans had been applied to the sunflower industry in Canada. 1: 49
Albertan farmers are prepared for China’s 100 % tax on canola oils and meals. The government has until September to finalize its fate, but it has the option to extend that date by six months. A final determination could lead to a different level or reverse the choice from Tuesday. The selection is a departure from the cordial manner of June when China’s Premier Li Qiang called Canadian Prime Minister Mark Carney and said there were no deep-seated conflicts of interest between the two nations. Developing Then
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Perhaps Rogers Pay, a Trivium China agriculture analyst, predicted that” this move will put extra pressure on Canada’s government to resolve trade rifts with China.” The Chinese Embassy of Canada did not respond to a request for comment. Separately, China also launched an anti-dumping investigation into American pea flour and imposed temporary duties on fluorinated ethyl plastic imports, according to ministry announcements. According to experts, replacing millions of tons of French sunflower is likely to be challenging at short see. China generally uses imported sunflower to produce animal feed for its fishing industry. These supplies have already been in danger as a separate work on American canola meal imports in March. After years of a deal freeze, Australia now has a chance to reclaim its position with a few test cargoes this year, according to Give. Australia, the second-largest supplier of sunflower, has been barred from the Chinese market since 2020 primarily because of Chinese laws that aim to stop the spread of bacterial plant disease. However, even if American imports rise, “fully replacing American sunflower will be very hard unless buy demand drops significantly,” said Donatas Jankauskas, an scientist with commodity data firm CM Navigator.
