Sunday, August 28, 2016

Cargill, Dreyfus and P&H export canola to China


Cargill, Louis Dreyfus and Parish and Heimbecker have made sales ranging from about 30,000 to 60,000 tonnes to China for delivery after Sept. 1, according to trade sources who were not authorized to speak publicly.

Louis Dreyfus’s Canadian unit, Cargill and Parrish and Heimbecker declined to comment.

Canada’s biggest canola exporters, Richardson International and Glencore-owned Viterra, however, are balking at China’s new standard.

Prime Minister Justin Trudeau will probably raise the issue of China’s demand for less dockage in Canada’s canola shipments when he visits this week.

The Canadians say the standards are unnecessarily high, but the Chinese are insisting on them to prevent entry of blackleg disease.