The launch of free trade talks with China could have a major impact on Saskatchewan canola growers.
Rick White is the CEO of the Canadian Canola Growers Association.
He says China is already Canada’s number-one market for canola and a free trade deal could generate an extra 1.2-billion dollars-a-year in canola sales.
“2.7 billion dollars went into that market,” says White. “Right now, they’re consuming nearly 34-percent of the Canadian seed exports in 2016. We estimate that could increase by 10-percent under a trade deal with China.”
Saskatchewan is the main canola producing region in Canada.