China will allow its private oilseed crushers to buy Australian canola, marking a shift from previous restrictions that limited purchases to state-owned entities. This move is part of broader efforts to normalize bilateral trade that has been largely stalled since the early 2020s.

The decision, reported by Bloomberg Markets, reflects improving diplomatic and economic ties between the two countries. By opening the market to private crushers, China aims to diversify its supply chain and increase competition within its domestic oilseed processing sector.

Industry analysts note that the expanded access could boost Australian canola exports, which have faced challenges due to trade barriers. The policy change may also encourage further collaboration in agricultural commodities, supporting both nations' economic recovery goals.

The move aligns with China's broader strategy to reduce reliance on a limited set of suppliers and to enhance food security through varied import sources. It also provides Australian farmers with renewed confidence in accessing one of their key overseas markets.