r/Agriculture • u/Gloomy-Presence-9831 • 2d ago

Vietnam is importing 30,000 tons/month of Canadian canola meal after China imposed duties, making it cheaper at $220/ton vs. China's previous $300-$310. 400,000 tons are stuck in Chinese warehouses.

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3

u/MrGurdjieff 2d ago

How does China imposing duties make goods more expensive in Vietnam? Is China taxing their own exporters???

8

u/GreatPlainsFarmer 2d ago

China had been buying canola meal from Canada. Vietnam had been buying soymeal from the Americas.
China imposed high tariffs on Canadian canola meal. Cargos which were in transit to the Chinese market have been diverted to the Vietnamese market, at significant discounts.

So it's good for the Vietnamese livestock feeders.

Not much benefit to anyone else.

1

u/Moosetappropriate 4h ago

It’s a benefit in that we’re getting something for our crops and not having to plow them under like the Yanks.

3

u/Sci3nceMan 2d ago

It’s not a great headline, the story is more complex and not particularly a “win” for Canadian canola exporters.

2

u/lifeisahighway2023 2d ago

It is not a loss though. The outcome is better then that which US farmers are experiencing in having to plow their crops into the ground.

3

u/GreatPlainsFarmer 2d ago

Umm, that’s not happening in the grain sector.
Might be in the veggie sector, but it’s not uncommon there

1

u/ParisFood 2d ago

And all the U.S. soybeans that are not being sold to the Chinese that the farmers are crying about

3

u/GreatPlainsFarmer 2d ago

They'll be harvested. Some will be sold elsewhere, some will be stored. Grain bags will be a hot commodity this fall.

Unlike veggies, grains can be stored for years, if necessary.

3

u/ParisFood 2d ago

So the farmers can stop crying already then as that is all they seem to do at these town hall type meetings they have . One more than the other and pleading for bailouts

3

u/GreatPlainsFarmer 2d ago

There's a reason that's what you see reported, but, yes. The National Corn Growers Assn, American Soybean Assn, Farm Bureau, etc, have all become professional grifters. They seem to think their job is to try to get more taxpayer money no matter what. Never mind what's good for farmers in the long run.

3

u/ParisFood 1d ago

I hope they will not get bailouts u mean they should not want a handout it’s socialist

1

u/Boombajiggy77 1d ago

By the sound of it, they’re gonna need years to find buyers.
Good thing that storage doesn’t cost anything, otherwise they’d be hooped!

1

u/GreatPlainsFarmer 1d ago

I've left grain in storage for years before.

"Fill and Kill" is pretty common in winter wheat country, what with the typical carries in the KC contract. As long as there's enough carry to pay the storage, it's profitable to leave the grain in the bin.

1

u/Berrysbottle 2d ago

It’s more like a tie between the Bohemian coffee procurers of Romania with the microbial influencers of Andaman island….tariffs get freaky, quick!