Canadian production of the crop is expected to decline by 4.8 per cent in 2019 despite higher yields, according to survey data released by Statistics Canada on Thursday. The survey also projected an increase of 0.9 per cent in wheat production from 2018. (The Logic)
Talking point: Canadian canola sales continue to be impacted by the ongoing diplomatic dispute with China, which stopped importing the crop in March. On September 6, Canada’s Trade Minister Jim Carr announced that the government was challenging the ban at the World Trade Organization. Meanwhile, canola producers are looking to other markets: sales to the EU, for example, have increased as European producers face a drought. The squeeze on canola exports contrasts with a mini-boom for Canadian wheat farmers, whose sales to China are up more than 60 per cent so far in 2018–2019, compared to just 32 per cent the previous season.