Chinese Buyers Purchase 1 Million Tonnes of Australian Canola
Chinese oilseed buyers have purchased around 1 million metric tons of Australian canola in recent deals, traders told Reuters, citing improved Beijing-Canberra ties, lower tariffs and stronger processing margins.
By Ella Cao and Naveen ThukralChinese oilseed buyers have purchased around 1 million metric tons of Australian canola in recent deals, as improved Beijing-Canberra ties, lower tariffs and stronger processing margins boost demand, three Asia-based traders told Reuters.The cargoes, for arrival in ear…