Zhengzhou rapeseed meal and oil contracts jumped on Monday, the first day of trade since China decided to impose 100% tariffs on imports of those products from Canada.

China said it will impose retaliatory tariffs on imports of rapeseed oil, pork and seafood from Canada as the trade war escalates.

China announced tariffs on Canadian agricultural and food products on Saturday in retaliation for October's decision to impose duties on Chinese-made electric vehicles, steel and aluminium. The Chinese commerce ministry said a 100 per cent tariff would be placed on Canadian rapeseed oil,

Zhengzhou rapeseed meal futures surged 6% at market open on Monday, the first day of trade since China's government announced tariffs on imports of rapeseed oil, oil cakes and other farm products from Canada.

On the first day of trading since China’s decision to impose 100% tariffs on imports of rapeseed meal and oil from Canada, Zhengzhou rapeseed meal and oil contracts experienced a significant surge, according to a Reuters report.