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China Snaps up Australian Canola as Improved Ties, Lower Tariffs Fuel Demand

Chinese buyers secured about 1 million metric tons as lower tariffs and stronger crushing margins made Australian canola cheaper than Canadian supplies, traders said.

Summary by Business Times
The purchases mark a further normalisation in China-Australia trade Read more at The Business Times.

6 Articles

Chinese importers bought about 1 million tonnes of Australian rapeseed amid improved trade relations between Beijing and Canberra, lower import duties and higher processing profitability. State-owned and private Chinese companies have contracted 15 Panamax-type ship batches for delivery in early 2027. The cost of Australian rapeseed was approximately $695—705/t on C&F terms to China. The main factor [...] The post China has increased its rapesee…

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BizToc broke the news on Thursday, October 22, 2026.
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