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Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the "Company") (NASDAQ:COOT) today announced that it is seeing surging demand for its canola oil products from China in response to the ongoing trade war between China and Canada.
According to the United States Trade Representative (USTR), in 2024, the United States (US) goods trade with Australia totaled an estimated $51.3 billion, with US goods exports to Australia at $34.6 billion and imports from Australia at $16.7 billion, resulting in a trade surplus of $17.9 billion for the US. Currently, a majority of sales are from the domestic market through major supermarkets and retailers, thus any current or future trade tariff's implemented by US are expected to have no significant impact on sales or profitability of business.
Posted In: COOT
