Rapeseed planting industry suffered unprecedented impact

Recently, Canadian rapeseed planting industry has been hit unprecedentedly. Canadian farmers are also losing money. For example, Richardson, Canada's largest rapeseed exporter to the Chinese market, said it would be "not easy" to find new international markets if China's import ban persisted for a long time. Curt Vossen, the company's chief executive, predicts that Canadian farmers may reduce their rape planting by 10% or more this year. It is important to know that Canada is the second largest producer and exporter of rapeseed after the European Union. Rapeseed is the most important export crop in Canada and one of the crops that Canadian farmers have relied on for their survival in the past few years. According to Canadian Rapeseed Council data, about 40% of Canadian rapeseed, rapeseed oil and rapeseed meal production is exported to China, which previously imported about 2.7 billion Canadian dollars ($2 billion) of rapeseed from Canada each year. That is to say, Canadian farmers'income of about $2 billion a year may be declining sharply.

Coincidentally, things have made new progress. The Wall Street Journal reported recently that for the first time in 29 years, the Papworth Family Farm in Alberta, Canada, had stopped growing mustard flowers. As the planting season begins, Canadian farmer Kyle Papworth is replacing mustard with barley. "It's not worth the risk," he said. It is noteworthy that mustard seed oil is a kind of rapeseed oil. There are three kinds of raw materials for rapeseed oil. One is rapeseed and mustard. Mustard oil is low erucic acid rapeseed oil. This means that Canadian farmers are having to change their farming methods because of the decrease of market. Canadian mustard seed production has surged by more than 60% in the past 10 years, reaching 23 million tons in 2018. At the same time, farmers in other exporting countries of similar agricultural products around the world began to regain market opportunities. Canada, as the world's largest producer and exporter of mustard seeds, has shown positive and negative growth momentum in the past 10 years. The price of Canadian mustard seeds has fallen recently, and if mustard continues to be grown, the family farm, which has lasted four generations, will surely lose money, says Papworth. It's worth noting that Kyle Papworth is replacing mustard with barley.

However, whether Canadian farmers have to change their crops is heavily paid for remains to be verified by the market. At least for now, the Canadian agricultural sector may be suffering an unprecedented blow, and the loss of Canadian farmers may be more expensive. It is worth mentioning that Lawrence MacAulay, Minister of Agriculture and Agricultural Food of Canada, said in November last year that we hope Canadian agricultural products will enter the Chinese market. For example, blueberries, cherries, fish, seafood, beef, pork, ice wine and maple syrup. However, a number of foreign media have reported that Canadian exports in related fields, including Canadian farmers, may be frustrated in the future, which is confirmed by the evidence of rapeseed growers. Analysts say this is also a major weakness that the Canadian economy is exposing. Canadian farmers represented by Canadian fisherman Leders told BWC Chinese. com that they hoped that these products could be sold continuously to the Chinese market because there was enough purchasing power. But that hope may fail. You know, Canada had hoped that by 2025, its total exports of agricultural products to the world would reach $75 billion. However, at present, the market prospects of Canadian agricultural economy are not optimistic. Canada's previous boom may have sown the seeds of recession.