News
Canada invests more than $12 million in canola sector
Lawrence MacAulay, minister of agriculture and agri-food, announced up to$12.1 millionin funding to the Canola Council ofCanadaunder the Canadian Agricultural Partnership, AgriScience Clusters on Sept. 4.
September 4, 2018 By Top Crop Manager
This research investment includes an additional industry contribution of up to$8.1 million. The cluster will focus on advancing the growth and profitability of the sector through innovative and sustainable approaches to creating new and improved products. Activities will include adapting food processing techniques, exploring uses for canola meal in livestock production, examining practices to optimize yields, protect crops from pests, and share lessons learned with stakeholders.
In 2016, Canadian canola seed and oil exports accounted for almost 15 per cent of total agriculture and food exports, valued at$9.2 billion. Canola has also been the largest crop inCanadain terms of market receipts since 2010, and accounts for more than one-fifth of all Canadian cropland.
The Government ofCanadais also continuing to support new markets for the canola sector. In 2016,Canadareached an agreement to secure canola trade withChina, which allows for exports of canola seeds under existing commercial terms until March, 2020. Exports of canola seed toChinacontinue to increase reaching$2.6 billionin 2017. In addition, inJune 2018,the government introduced legislation to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which will further help to open markets and increase exports.
