China has canceled major Canadian agribusiness Richardson International Ltd’s registration to ship canola to China, according to a document listing approved exporters posted on the website of the Chinese customs administration on March 1.
China buys some C$2.5 billion ($1.88 billion) of Canadian canola per year, and a slower sales pace would be another hit to exporters, which also include Viterra and Cargill Ltd in a year when Prime Minister Justin Trudeau faces a tough race for re-election.
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