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China is likely carrying out the heightened checks to “pressure Canada” amid the current diplomatic tensions, the crusher said, adding that it would make him “more cautious” about purchases in the future. A Canadian exporter said canola seed that requires crushing in China into vegetable oil and meal to feed pigs and fish has faced additional inspections and tests in Chinese ports. “There’s no doubt that they are retaliating specifically against canola seed itself,” the exporter said.
China’s General Administration of Customs, which oversees imports, did not respond to a fax detroit lions cufflinks seeking comment on the issue, The Canadian government is not aware of any decision by Beijing to stop Chinese companies from buying Canadian crops, said James Watson, a spokesman for the Canadian agriculture department, Some Canadian canola shipments are due to arrive in China this month, but Canadian exporters said most of them are deliveries of sales made before Meng’s detention in Vancouver..
A dozen traders, some with direct knowledge of sales in Canada and China, and others in the United States who monitor sales, said the shipping pace has noticeably slowed since Meng’s arrest. Factors besides the political dispute may also play a role in reduced interest from Chinese buyers, such as lower demand for pig feed and weak profit margins at Chinese processors. There is no evidence to suggest that Beijing has ordered buying to slow. But some importers say they are avoiding purchases as they pre-empt additional hurdles to trade.
Total exports of Canada’s most recent canola crop are down 7 percent year over year from August through Jan, 27, according to the Canadian Grain Commission, Chinese customs data showed that China received 347,949 tonnes of Canadian canola in December, higher than the same month a year earlier, reflecting earlier sales, A source at a Chinese company that imports Canadian canola said it stopped buying from Canadian sources shortly after Meng’s arrest, detroit lions cufflinks “We are not buying now as the current situation is quite tense and sensitive,” the source said, China relies on Canada to supply more than 90 percent of its canola imports, But Beijing has imposed barriers on these shipments in the past, giving reasons such as concern about fungus and foreign material in cargoes..
Canola’s name itself incorporates Canada, the country where it was developed as a new form of rapeseed in the 1970s, making it a national symbol and “a weak spot where they can hit us,” a Canadian exporter said, adding that other Canadian exports such as soybeans and canola meal have not faced similar obstacles in China. Another Canadian trader said he was not aware of any Canadian export company booking a new canola shipment to China since Meng’s arrest. “It brings a lump to everyone’s throat.”.
BOSTON (Reuters) - Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and detroit lions cufflinks chief executive roles, arguing that an independent chair could help CEO Brent Saunders boost the company’s sagging share price, Appaloosa’s billionaire founder David Tepper turned up the heat on the Botox maker one week after the company delivered disappointing earnings and shelved plans to sell its women’s health business, which it had put on the block in May..
“In the wake of last Tuesday’s earnings call .. it should by now be readily apparent to all interested and responsible parties that Allergan requires a fresh approach,” Tepper wrote in a letter made public on Tuesday. “We believed that the introduction of a seasoned independent Chairman with extensive pharmaceutical experience could exert a favorable influence on executive decision-making,” the letter said. Allergan’s shares have fallen nearly 30 percent since October and are trading at less than half their historic high of more than $330 hit in 2015. On Tuesday, they were up 1.6 percent at $140.09.
The company undertook a review of its corporate strategy last year, but the result of that review may only be the sale of its relatively small infectious diseases unit and a commitment to remain disciplined in its spending, Allergan detroit lions cufflinks said it had received the Appaloosa proposal and is “committed to continuing to engage with them.” The company also said it is committed to strong governance practices and independent board leadership, and touted its pipeline of products in development, Appaloosa, which oversees $12 billion, began pressuring Allergan to separate the roles, both currently held by Saunders, and to recruit an outsider to oversee its board in 2018, Tepper said that this is the fourth time he has written to the board to request this change..