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Markets, News

Argentina grain inspectors threaten to walk out over company conflict

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Argentina’s union for grain inspectors has threatened to walk out over disagreements with an agro-export company in protests that could disrupt the country’s critical grains exports sector. The union, whose members include port workers and technicians who review grains loaded on boats, is in conflict with food exporting company Desdelsur SA over what it says
Syngenta’s headquarters in Basel, Switzerland, August 2019. Photo: Reuters/Arnd Wiegmann
Markets

Syngenta sales growth eases but still quite robust

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Reuters – Swiss agrichemicals and seeds group Syngenta on Thursday logged slightly slower – albeit still robust – growth in sales and core earnings for the third quarter. The Chinese-owned company, which plans to list within the next few months, said sales jumped 20 per cent to $7.9 billion in the three months to the
Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe. Photo: Thinkstock

Crop merchant Bunge raises full-year profit outlook

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Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen
News

U.S. plans rule to protect livestock farmers from company retaliation

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Reuters – The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing. The USDA also said it would work with state attorneys general to investigate anticompetitive practices in the agricultural sector that contribute to inflation. The moves aim
Editorial, Op/Ed

Guest Editorial: Big food investments growing in agriculture

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Earlier this year McCain Foods Ltd. quietly purchased a little-known firm called Resson. Ten years ago, the news that a food company such as McCain purchased a predictive crop technology company would have raised a few eyebrows. Many may have wondered what a company known for its frozen French fries would want with a company
News

BASF starts production at southern China mega complex

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German chemicals group BASF said Sept. 6 it has started production at a giant complex in southern China’s Zhanjiang. The first plant at the site will produce 60,000 tonnes of engineering plastic compounds a year for the automotive and electronics industries, the company said in a statement. It will be supplied entirely by renewable electricity.
Ukrainian chicken imports into the European Union have jumped 54 per cent year-on-year in the second quarter.
Markets, News

EU imports of Ukrainian chicken soar after quota lifted

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The lifting of European Union customs duties on Ukrainian goods led to a jump in poultry imports that has benefited a single company rather than Ukrainian farmers, French poultry makers said Sept. 7. They asked that the temporary move not be renewed. The EU in June temporarily lifted tariffs to help the war-torn country and
Interest in local food grew after the onset of the pandemic in 2020, says the executive director of Direct Farm Manitoba.
News

Direct farm marketing makes gains in Manitoba

The pandemic shifted farmer and consumer habits, but may make data less representative of the norm, says Direct Farm Manitoba

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The number of Manitoba farms that direct-market products grew by 12 per cent between 2016 and 2020, a new report indicates. The report, released this summer, used sources including the 2021 federal census of agriculture. It shows that in 2020, just over 1,000 farms were directly selling food to customers, up from 900 in 2016.
Fewer and larger dealerships aren’t necessarily in the best interests of farmers, some equipment insiders say.
News

Equipment dealer consolidation raises cost to farmers

Wave of consolidation began in 1980s, accelerated dramatically in recent years

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Reuters – More farm equipment dealers are going out of business, leaving a handful of companies in control of a large swathe of the market and with greater ability to set prices for selling and repairing equipment, say farmers, equipment dealers and analysts. Buyouts of local mom-and-pop dealers have reduced farmers’ options for buying machinery
A worker walks at the Yara ammonia plant in Porsgrunn, Norway, in August 2017.
News

Yara cuts cast doubt on Europe’s fertilizer production

Skyrocketing natural gas prices have nitrogen producers wary

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Reuters – Norway’s Yara, one of the world’s largest fertilizer makers, is slashing ammonia production due to soaring gas prices, raising questions about Europe’s ability to produce enough fertilizer for its crops. Ammonia plays a key role in the manufacturing of fertilizer. Without it, crop yields will deteriorate because nutrients removed from soil during harvesting

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