China Buys One Million Tons of Australian Canola
Chinese buyers have purchased one million metric tons of Australian canola for early 2027 delivery. Improved diplomatic relations and lower tariffs drove the strong demand.
China buyers secured 1 million metric tons of Australia canola at $695 to $705 per ton for early 2027 delivery. The purchases signal a steady thaw in bilateral trade and lower import friction. Canada now faces stiffer competition in its primary export market due to rising domestic tariffs.
