Montreal | Reuters — Dockworkers at Canada’s second-largest port on Monday began their second strike in less than a year, as business leaders urged Ottawa to quickly end a walkout they said could cost the economy $25 million a day. The federal Liberal government said Sunday it would introduce special legislation to end the strike
Ottawa urged to end Montreal longshoremen’s strike
Back-to-work legislation on table; NDP, Bloc oppose it
CP CEO rules out raising Kansas City Southern bid
CP's first-quarter profit climbs
Reuters — Canadian Pacific Railway CEO Keith Creel said Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is “not a real deal.” The two bidding companies are locking horns to take control of a vast network of railways across North America, with CN
Argentina suspends 15 beef exporters for evading state controls
Argentina has suspended 15 meat exporters for dodging industry regulations, derailing at least 40 tonnes of shipments from one of the world’s best-known beef producers. The country’s Agriculture Ministry said in a statement it had uncovered several meat-export operations that had undercut competitors and evaded taxes by failing to properly register their businesses with the
Strategie Grains cuts EU rapeseed crop forecast again
Strategie Grains has lowered its forecast for the 2021 rapeseed harvest in the EU for the second month in a row and is monitoring the risk of localized damage to crops from wintry weather this week, the consultancy said April 6. In a monthly oilseed report, the French firm reduced its outlook for this year’s
Russia approves formula-based sunflower oil export tax
The Russian government has approved a formula-based export tax system for sunflower oil and a higher export tax for sunflower seeds, as part of a drive to combat domestic food price inflation. Russia has imposed several export taxes for grains and sunseeds, among other measures, since December in its battle to tame rising food prices
India likely to get average monsoon rains
India is likely to get average monsoon rains this year, a private weather forecasting agency said April 13, raising prospects of higher farm and economic growth in Asia’s third-biggest economy. Monsoon rains are expected to be 103 per cent of a long-term average, and there is a 60 per cent chance that India will get
U.S. farmers to plant less corn, soybeans than expected
USDA report sparks futures rise as market reacts to news
Estimates by the U.S. Department of Agriculture (USDA) for corn and soybean plantings at the end of March missed analyst expectations, sending futures prices for both commodities up sharply. Smaller-than-expected acreage for the two main cash crops in the United States will likely increase concerns about global food and animal feed supplies after importers and domestic
International Grains Council sees record global grain production in 2021-22 season
The International Grains Council (IGC) recently forecast global grain production would climb to a record 2.287 billion tonnes in the 2021-22 season, but expects the larger supply to be entirely absorbed by higher consumption. In its first full assessment for the 2021-22 season, the intergovernmental body projected a balanced market, with stocks at the end
China to crack down on use of leanness enhancers in cattle and sheep
Reuters – China’s Agriculture Ministry said March 19 it will crack down on the use of leanness-enhancing agents in farm animals to guarantee the quality and safety of livestock products. The three-month drive will focus on the use of the banned substance clenbuterol in cattle and sheep, the Ministry of Agriculture and Rural Affairs said
Japan temporarily sets higher tariffs on U.S. beef imports
Imports surpass the tariff-rate quota
Tokyo | Reuters – Japan is temporarily raising tariffs on U.S. beef imports as volumes have exceeded levels agreed to between the two nations for the fiscal year ending on March 31, Japan’s Agriculture Ministry said March 17. From March 18, the tariff will rise to 38.5 per cent from 25.8 per cent for 30