GFM Network News


Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police



Argentina nears China hog deal it hopes could turbocharge local pork production

Buenos Aires | Beijing | Reuters – Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina’s undersecretary of trade and investment promotion told Reuters. That could eventually lead to Chinese-backed hog farms in the South American

Workers and excavators are seen at a construction site of a new pig farm in Beijing’s eastern Pinggu district.

Cheek by jowl

China pork crisis spurs pig farms’ return to cities

Reuters – China is building industrial pig farms near its urban areas, reversing years of policies to relocate the livestock over waste concerns, as the government prioritizes food security over the environment after African swine fever decimated its herds. The world’s biggest pork consumer will add about 200 million pigs by constructing new farms around



China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold,


China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in


Some feed mills and slaughterhouses in China are still shut due to the coronavirus outbreak.

China’s chicken chain comes unstuck

Chaos of virus measures has derailed a sector that enjoyed rapid growth

Reuters – China’s chicken farmers had been looking forward to a bumper year. But an unprecedented lockdown on people and goods to curb the coronavirus outbreak has disrupted the short but intense poultry life cycle, threatening output of meat just as the world’s most populous country faces a massive pork shortfall. China’s poultry production expanded