Area
Canada
Commodity Group
Oilseeds, oils and meals
Commodity
Rapeseed
Date
01/06/2019
Policy Category
Production
Policy Instrument
Production support (trade mitigation measures)
Description
Announced additional insurance support to Canadian rapeseed exporters, in a bid to help rapeseed exporting companies manage uncertainties associated with the exploration of new markets in the wake of recent shipment disruptions to China.
Notes
Further to the support measures introduced in early May (see MPPU May19), the Government announced an additional CAD 150 million (USD 115 million) in insurance support to Canadian rapeseed exporters. The new aid is aimed at helping companies exporting rapeseed manage uncertainties associated with the exploration of new markets (following recent disruptions in exports to China). Adequate insurance coverage is critical for exporters trying to access fresh working capital from banks. Granted by Canadas export credit agency, additional insurance protection will be used to cover potential defaults on commercial sales contracts.
