An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other China-bound canola cargoes have been cancelled, […] Read more
A political dispute between China and Canada over the arrest of a Huawei executive is slowing canola shipments through Chinese ports. That’s causing some importers to hesitate to buy from their biggest supplier, according to interviews with a dozen traders. Since Canadian authorities arrested Huawei chief financial officer Meng Wanzhou in December for extradition to […] Read more
Reuters – Marie-Pier Vincent, a fourth-generation Quebec dairy farmer, worries it will be even harder to make ends meet as Canada allows more tariff-free imports of milk products from the United States under a reworked North American Free Trade Agreement. Vincent, 28, is already looking for a second job to pay back the money she […] Read more
Taking a page from its aggressive growth strategy in the United States, cash-rich Canadian fertilizer giant Nutrien plans to plow investment into Brazil in a bid to reap up to 30 per cent of farm supply sales in fertile pockets of the country. But business in Brazil’s farm sector — the world’s fastest growing — […] Read more
Monsanto is facing major threats to its historic dominance of seed and herbicide technology for the US$40-billion U.S. soybean market. Rivals BASF and DowDuPont are preparing to push their own varieties of genetically modified soybeans. At stake is control over seed supply for the next generation of farmers producing the most valuable U.S. agricultural export. […] Read more
Chicago’s iconic sandwiches — Italian beef heroes dripping with gravy, and hotdogs loaded with pickles and hot peppers — wouldn’t be such culinary institutions without the bread. But this fall, bakers faced a crisis getting the right kind of bread to delis and sandwich shops locally and across the United States. Gonnella Baking Co. — […] Read more
Nutrien, the company to be formed from the merger of Agrium and PotashCorp of Saskatchewan, plans to expand its U.S. farm supply network and return cash to shareholders, Chuck Magro, Agrium CEO, said Nov. 15, as it leverages unusually flush coffers during an agriculture slump. Regulators in China and India require Potash to divest minority […] Read more
On Canada’s fertile Prairies, dominated by the yellows and golds of canola and wheat, summers are too short to grow corn on a major scale. But Monsanto is working to develop what it hopes will be North America’s fastest-maturing corn, allowing farmers to grow more in Western Canada and other inhospitable climates, such as Ukraine. The seed […] Read more
Fertilizer makers are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump. Potash and phosphate prices touched multi-year lows last year due to a capacity glut and soft crop prices. Higher and more stable returns for some industrial applications are […] Read more
Companies that make bug-killing chemicals and natural remedies are racing to take advantage of restrictions on neonics, blamed for harming bees and mayflies. Global sales of neonicotinoids, or neonics, were US$3.01 billion last year, accounting for almost 18 per cent of the global insecticides market, according to consultancy Phillips McDougall. Insecticide sales fell sharply year […] Read more
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