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Two-Month Reversal Warns Of Euro’s Impending Collapse

David drozd If you don’t think the failing euro doesn’t affect your bottom line, think again. Since the end of November 2009, the euro has lost about 12.5 per cent of its value relative to the U. S. dollar index and 15 per cent to the Canadian dollar – and this devaluation caused North American
Cereals, Crops

EU Grain Sale For Aid Will Distort Market

AEuropean Union plan to sell 1.5 million tonnes of surplus grain in the coming months to help the bloc’s poor will weaken feed prices and lead to more offers for EU intervention subsidies, member states warned. The EU in November agreed to sell cereals from its grain mountain to support the needy. Unusually, the sale
Livestock

German Farm Group Sees EU Relaxing GMO Import Rule

Germany’s association of farming co-operatives said it was optimistic the European Union will relax its ban on unapproved imports of tiny traces of genetically modified organisms (GMOs). Without any such measure, EU imports of soybeans and soymeal could be disrupted once again in autumn 2010, said Manfred Nuessel, president of co-operatives association DRV. Millions of
News, Oilseeds

Some Farmers Asking Who Is Liable?

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Saskatchewan farmer Gordon Nodge asked the question that’s on a lot of farmers’ minds: Who’s to blame for the contamination of Canada’s flax by CDC Triffid? “The liability for the inadvertent leak and subsequent contamination (of Canada’s non-GM flax) must lay somewhere,” said the farmer from Swift Current, Sask., during a conference call March 18
News

No GMOs Here, Say Bulgarians

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Bulgaria’s parliament voted on Mar. 18 to tighten a law that effectively banned cultivation of genetically modified (GM) crops for scientific and commercial reasons in response to public fears. The ruling centre-right GERB party decided to drop a planned moratorium on GMO production because the new law would keep the European Union member GMO free,
Crops, Oilseeds

Flax Growers Urged To Test Seed Before Planting

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“I just want farmers, particularly if you’re going to use your farm-saved seed, make sure that you get it tested properly because the paperwork will be needed for fall when you want to sell it.” – ALLEN KUHLMAN All flaxseed needs to be rigorously tested and found to be free of CDC Triffid before being
Crops

EU To Keep Grain Mountain

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The European Union will be compelled to retain its growing mountain of 4.2 million tonnes of unwanted grain as no disposal outlets are feasible in an era when subsidized sales on world markets are no option, analysts said March 19. This may mean the EU faces a storage bill of up to 74 million euros
Cereals, Crops, News

Algeria’s Grain Output Drive Starts To Pay Off

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Algeria is moving to slash grain imports in coming years as the government enacts urgent reforms to stop farm yields tumbling in times of drought. The authorities were shocked into action in 2008 when the national grain harvest slumped to 2.1 million tonnes and the government scrambled for foreign cereals to feed the population of
News

WTO Members Behind In Their Books

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Most members of the World Trade Organization are years behind in providing data about farm subsidies, essential to see whether they are sticking to agreements, an internal WTO document shows. The document, prepared by the WTO secretariat for a meeting on Wednesday of its agriculture committee, which monitors adherence to agreements, shows that 81 of
Cereals, Crops, News

Canada Could Gain From Southern Trade Dispute

“Until this gets resolved … I can’t see that we’re going to be able to sell to Brazil in the near future.” – REBECCA BRATTER Canadian wheat exports stand to gain from Brazil’s move to triple non-hard wheat tariffs against the United States, a Canadian Wheat Board official said March 10. The Brazilian government published

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