Canada: Oilseeds and Products Annual

Production of oilseeds (including canola, soybeans, and sunflower seeds) is forecast to decrease four percent in marketing year (MY) 2026/27 over the previous marketing year, to 27.55 million metric tons (MMT). In February 2026, China announced that it will suspend all agricultural tariffs on Canadian canola meal from March 1 through the end of 2026. On February 28, China announced that it will lower its anti-dumping tariff on Canadian canola seed to 5.9 percent from the 75.8 percent imposed in August 2025. Canola oil continues to be subject to a tariff of 100 percent. Several regulatory changes are expected to boost vegetable oil domestic consumption and exports in MY 2025/26 and MY 2026/27, primarily for its use as a biofuel feedstock.