SINGAPORE/BEIJING/CANBERRA, Sept 19 (Reuters) – Chinese state trading firm COFCO has bought up to nine 60,000-metric-ton cargoes of Australian canola, three trade sources told Reuters, after Beijing last month imposed preliminary anti-dumping duties on imports of the oilseed from traditional supplier Canada.
The purchases amount to around 540,000 tons, equivalent to about 8% of China’s total canola imports last year.
