Farm Credit Canada warns it could be years before Canadian canola totally recovers from the ongoing trade disruption from China.
J.P. Gervais, executive vice-president of strategy and chief economist at Farm Credit Canada, is looking at the fallout of other recent times that a country has gotten on China’s bad side, trade-wise.
That precedent suggests farmers should buckle up for a lengthy adjustment period.
He notes it took Australia five years to navigate their way out of the trade disruptions that they had, and China took Canada three years the previous time around.
Australia saw its trade with China —its largest trade partner —plummet earlier this decade following an Australian call for investigation into the origins of COVID-19.
