RCMW Group Inc (fka RCMW)

[skyhi]

Does anyone have ideas on how the Canola Council of Canada and the Canadian government will react to this JV proposal?

I’m concerned that the powers to be may take steps to prevent the JV considering the current strained political environment between Canada and China.

On November 15, 2009, China imposed an emergency quarantine to block imports of Canadian and Australian canola testing positive for blackleg (leptosphaeria maculans), a fungal disease that can reduce canola yields. China said the move was necessary to protect its domestic rapeseed crop from blackleg.

Under the current restrictions, Canada’s exports of canola seed to China are greatly reduced. In 2008-09, China was Canada’s largest canola seed market and imported 2.87 million tonnes worth $1.3 billion. As of April 2010, Canada had shipped 1.62 million tonnes in 2009-10, including just over 1 million tonnes before November 15, 2009.
(From Alberta Canola dated July 21, 2010)