China-Canada spat over Huawei sends oilseed prices sliding

Exporter accuses Beijing of retaliatory 'attack' on Canadian agriculture

20190320 rapeseed

Canada is the world's No. 1 exporter of rapeseed, shipping 11 million tons a year.

MAIKO SUGIYAMA, Nikkei staff writer

TOKYO -- Tensions between China and Canada triggered by the arrest of a Huawei Technologies executive are spilling over far beyond the tech sector, commodity prices suggest.

International prices of rapeseed have dropped sharply over the past month due to expectations that China, a leading consumer, would cut imports from Canada, a major producer. The two countries have been at odds since Huawei CFO Meng Wanzhou was detained by Canadian authorities in December at the request of the U.S.

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