Vietnamese feed millers have begun importing about 30,000 metric tons of Canadian canola meal per month at discounted prices, after China, the traditional buyer, imposed steep anti-dumping duties earlier this year. Typically reliant on soymeal, Vietnam has turned to canola meal as prices dropped to around $220 per ton, far below pre-duty Chinese levels of $300–310. Traders say some of the 400,000 tons of Canadian canola meal now stuck in bonded warehouses in China could be redirected to Vietnam, though demand there remains limited. The shift highlights how tariffs are reshaping global trade flows.
