Heads up, importers and foodies! The Ministry of Commerce of the Chinese mainland just dropped a preliminary anti-dumping ruling on rapeseed imports from Canada. 🌾
Launched back on September 9, 2024, the probe found that Canadian rapeseed was being dumped—basically sold below its normal price—in the Chinese mainland, causing material injury to local farmers and the oilseed sector. 📉
To level the playing field, importers will need to lodge a provisional deposit of 75.8% with Chinese mainland customs starting this Thursday. That’s a game-changer for cooking oil prices and supply chains across our kitchens and local markets! 🍳
Importers should prepare to update their cost models, while domestic producers could see some relief in the competitive landscape. We’ll track how this move ripples through the global oilseed market—stay tuned for updates! 🔍
Reference(s):
China issues preliminary ruling on Canadian rapeseed dumping probe
cgtn.com
