Canadian canola meal sales to China spike to five-year high

By Rod Nickel and Hallie Gu

WINNIPEG/BEIJING (Reuters) – Canadian canola meal shipments to China have jumped to their highest level in five years, boosting profits of crush plants and firming prices as farmers slog through a difficult harvest.

Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments last year, according to Canadian Oilseed Processors Association (COPA). The shipments are worth C$132.1 million.

Several Canadian plants were registered this year for trade by Chinese authorities, a process that took more than a year for some, said Chris Vervaet, executive …
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