Agriculture Roundup for Wednesday May 18, 2022
MELFORT, Sask. — RIchardson International and Viterra will be able to export canola seed to China again.
The two companies were shut out of the that market in March 2019 when their licenses were suspended.
The restrictions came into effect following the arrest of Huawei executive Meng Wanzhou in Canada in December 2018. China alleged that canola shipments from Canada contained certain weed seeds, leading to the termination of export permits for Richardson and Viterra.
Seed exports to China have fallen from $2.8 billion in 2018 before the restrictions, to $800 million in 2019, $1.4 billion in 2020 and $1.8 billion in 2021.