Reported about 3 hours ago
Vietnamese feed millers are seizing the opportunity to purchase Canadian canola meal at reduced prices after China, their traditional buyer, imposed heavy anti-dumping duties earlier this year. Importing approximately 30,000 metric tons monthly, Vietnamese companies find canola meal more appealing due to the price drop compared to what Chinese buyers previously paid. Despite the shift from their usual soymeal imports, the volume remains smaller than China's demand, but traders anticipate more transactions in the near future as they explore alternatives stemming from trade frictions.
Source: YAHOO