Canadian farmers are reeling from the announcement that China is applying a tariff of 76% on canola.
Host of RealAg Radio, Shaun Haney spoke with RFD-TV’s own Suzanne Alexander about China’s decision, ripple effects, and compensation for Canadian growers.
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Talks highlight the widening role of agriculture in U.S.–India trade policy, though neither side appears ready for major concessions before tariff issues and oil imports are resolved.
In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.