Canada to Increase Canola Oil Export to China
December 11, 2009| |
Canada's Agriculture Minister Gerry Ritz asured China that it will increase canola oil imports by an additional 200,000 tonnes for a total of 350,000 tonnes in 2010. The Canola Council of Canada estimates these increased sales will be worth $180 million. This assurance was forwarded during a meeting with Bao Kexin, the CEO and President of Sinograin, China's state-owned organization responsible for national reserves of grains and edible oil.
Minister Ritz said that Canadian farmers have the capacity to produce a consistent supply of canola and new canola crushing plants allow the increase in the volume of canola oil available for export.
For the press release from Canada's Agriculture and Agri-Food Canada see http://www.agr.gc.ca/cb/index_e.php?s1=n&s2=2009&page=n91205
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