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Fertilizer firm seeks grain giant assets

Uralchem wants to buy grain assets from Viterra, Cargill if they leave Russia

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Russian fertilizer producer Uralchem would be interested in buying the Russian assets of global grain traders Viterra and Cargill if they decide to leave Russia, the company said in a letter seen by Reuters. Spokespersons for Cargill’s and Viterra’s Russian operations said their respective companies do not plan to leave the country. Uralchem declined to
baby chicks in a barn
News, Poultry

Manitoba layer chick provider sold

Clark’s Poultry has been jointly bought by International Layer Distribution and Trouw Nutrition Canada

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One of Manitoba’s long-time layer operations is changing hands. Clark’s Poultry, out of Brandon, announced Dec. 5 that the company had been jointly acquired by International Layer Distribution and Trouw Nutrition Canada. Why it matters: Two companies with ownership roots in Europe have purchased the Manitoba chick provider. The company, which this year celebrates its
Tyson Foods ends COVID-19 vaccine mandate for employees
News

Tyson Foods ends COVID-19 vaccine mandate for employees

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Reuters – Tyson Foods has confirmed it eliminated a requirement that employees receive COVID-19 vaccinations, a step the company said improved meatpacking operations after plants closed in 2020 due to outbreaks among workers. The biggest U.S. meat company by sales lifted the mandate on Oct. 31, one year after imposing it, according to a report
Markets, News

Weedkiller windfall helps Bayer top profit forecasts

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Reuters – Bayer has reported better-than-expected quarterly earnings as a temporary price boost for its glyphosate-based herbicides made up for a decline in sales of its stroke prevention pill Xarelto. The German company said third-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 17.3 per cent to US$2.45 billion, above analysts’ average estimate
Cannabis plants at Delta 9’s Winnipeg production facility.
News

Delta 9 has intent to distribute

Company charts course to be involved in all aspects of industry, starting with distribution license

By
Winnipeg-based Delta 9 has become the first licensed cannabis distributor in Manitoba. This authorizes the firm to act as a middleman in the pot trade, authorized to acquire, store, sell and deliver cannabis in accordance with the Liquor, Gaming and Cannabis Control Act (Manitoba). [RELATED] Pot producer Canopy Growth to shed retail stores The firm
Photo: iStock/Getty Images Plus
Markets

Nutrien cuts 2022 profit forecast again on lower potash prices

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Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application
While some will appreciate Loblaw’s empathetic gesture, the grocer’s latest campaign will likely bring some cynicism.
Comment, Op/Ed

Comment: On Loblaw’s decision to freeze food prices

Some may be cynical about this effort, but it is unprecedented

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For weeks now, many have called for Canadian grocers to voluntarily freeze prices for some grocery staples as we weather the current food inflation storm. Many Western economies have seen price freezes from grocers. The first grocer in the world to do this was more than six months ago. Canada has had no grocer pursuing
Province launches food business online resource
News

Province launches food business online resource

The site aggregates resources on business services, marketing, regulation

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A new online resource is designed to help food business owners navigate regulatory, business and market requirements and challenges. “Whether you have a new food product idea, you see an unmet demand for local food, or you want to grow a food business, the Business Pathways website can help you build your future in food,”

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