China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.
Tag Archives Global trade
China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs
Indian buyers expect no disruption in Canadian lentil, potash supplies
Indian buyers do not expect supplies of Canadian lentils and potash to be affected by the diplomatic row between New Delhi and Ottawa, trade, industry and government officials said.
New Zealand escalates dairy trade dispute with Canada
New Zealand Trade Minister Todd McClay said his government had notified the Canadian government and other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement that it had triggered mandatory negotiations in the dairy dispute with Canada.
Ukraine grain exports to fall by more than 10 million tonnes due to smaller crop, official says
Ukraine's 2024/25 grain exports are likely to decrease to around 40 million metric tons from almost 51 million tons in 2023/24 due to a smaller harvest, the first deputy agriculture minister Taras Vysotskiy said on Friday.
Harsh weather curbs global wheat output, buoys prices
World wheat inventories have fallen from record highs five years ago, U.S. data shows, as poor weather hurt output and Russia's 2022 invasion of Ukraine temporarily spiked grain prices.
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
Researchers call for rapid adaptation to global trade environment
Canada must prepare for a future featuring a less friendly trade environment, says a new policy note authored by two leading policy analysts. Al Mussell and Ted Bilyea, researchers at Agri-Food Economic Systems Research, said the recent action by China on Canadian canola illustrates their point.
USDA, attaché agree on record wheat crop in India
India is well on its way to a massive wheat harvest in 2024/25, according to the United States Department of Agriculture attaché in New Delhi. The attaché was in lockstep with the USDA in predicting a record 114 million tonnes.
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
China’s drive to boost grain production hits bottleneck, state media says
China's drive to boost grain production has entered a bottleneck where it is difficult to increase production further, state media reported on Monday, as Beijing launched a new drive to raise domestic output by 50 million metric tons by 2030.
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