CTV Winnipeg: ‘It’s devastating’: Manitoba farmers react to Chinese canola tariffs

University of Manitoba Agriculture professor Derek Brewin says canola prices are really starting to take a hit.

“On Monday, you could sell your canola for $660 per tonne, and on Tuesday afternoon, it went to $630 per tonne,” he said. “That’s a pretty big drop for a single day on any market move.”

China is the largest export market for Canadian canola seed. According to the Government of Canada, it represents 67 per cent of total canola seed exports, totalling 5.9 million tonnes in 2024, worth approximately $4 billion.

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