China is taking this crop from india in abundance…
After imposing heavy tariffs on agricultural and food products of canada, china has bought 52,000 tons of rapeseed meal from india in the last three weeks. Now importing rapeseed meal from india instead of canada will help China. Let us tell you that rapeseed is a kind of crop, from whose seeds grinding, oil is extracted and the rest is used as fodder for cattle. Apart from this, it is used in making biodiesel. It is also used in chemical and automotive industry.
india is the third largest producer of rapeseed
After china and canada, india is the largest producer of rapeseed in the world. An official of a big exporter of rapeseed meal said, after imposing tariffs on its supply from canada, china has now started showing interest in India. Let us tell you that last year canada imposed 100 percent tariff on Chinese electric vehicles and 25 percent tariff on aluminum and steel products. In response to this, china has imposed 100 percent tariff on Canadian rapeseed meal, pork and aquatic products, which have come into effect from march 20.
china bought rapeseed from india for this much
According to information received from sources, rapeseed meal has been purchased from india at the rate of 220 to 235 dollars per metric ton. According to customs data, in 2024, china bought 2.02 million metric tons from canada, 504,000 tons from the United Arab Emirates and 135,000 tons of rapeseed meal from Russia. According to information received from the source, the demand for rapeseed meal from china is very high. This purchase of china will continue for the next few months. Apart from china, rapeseed meal is also exported from india to South Korea, Bangladesh, thailand and Vietnam.
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