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EU Draft Rules Increase Watchdog Power

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European regulators will gain unprecedented powers to control commodity markets through trade caps and heightened intervention if a draft EU document becomes binding, specialist lawyers said Dec. 3. Commodities are being integrated into sweeping reforms to the European Union’s markets in financial instruments directive (MiFID), which was released last month. A draft version seen by
Livestock, Other livestock

Sheep &Goat Market Report

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There were 439 sheep and goats for the last sale of the year at the Winnipeg Livestock Auction, on Dec. 16, 2010. The selection was good and the buyers were ready, as the producers had provided the animals for the holiday season. The selection of ewes was good, creating two price ranges at this sale.
News

EU Seeks Curbs On Food And Energy Speculators

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The European Commission unveiled plans on Dec. 8 to clamp down on speculators in commodities and combat insider trading and manipulation of gas and power markets as it sought to catch up with Washington’s tough regime. The EU’s financial services chief, Michel Barnier, and its energy commissioner, Guenther Oettinger want traders to disclose buying and
News

France Sees Wide Support To Regulate Food Markets

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France said Oct. 14 its proposals for tighter controls on commodity trading were being well received in many G20 countries, and it issued a joint statement with Brazil on measures to curb food price volatility. France, which takes over the presidency of the Group of 20 most important economies in November, has made fighting speculation
Livestock, Other livestock

Sheep &Goat Sales – for Sep. 16, 2010

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Sept. 2 was the start of two sales per month at Winnipeg Livestock Sales. Producers supplied about 500 sheep and goats, for this sale, demand was high, and bidding was exciting. The ewes sold at slightly higher than steady. Katahdincross ewes had good body structure, but sold for a slightly lower price. The selection of
Cereals, Crops, Forages, News, Oilseeds

In Brief… – for Jul. 1, 2010

Out of time: Wet conditions limited planting by Western Canadian farmers this spring to only 82 per cent of the original planned acreage, the Canadian Wheat Board said June 21. The final crop insurance deadlines passed on June 20. Farmers are expected to plant their smallest acreage of wheat, durum and barley in decades and
News

Doha Trade Talks Not At Their Expected Stage

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India’s minister of commerce and industry said March 19 that progress in concluding global trade talks was behind schedule but that it was up to political leaders to decide if they can meet their own yearend deadline for a deal. Anand Sharma said the Doha round of global trade talks was ongoing but “painstakingly slow.”
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World Bank To Start Agriculture Fund With $1.5 Billion

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The World Bank will start a trust fund to boost agriculture in poor countries with an initial $1.5 billion, its president Robert Zoellick said Nov. 24, warning of the risk of another food price crisis. Crop shortages in India and the Philippines combined with increased speculation in commodity markets by investment funds have increased the
Crops

G20 Asks World Bank For Ag Fund

The Group of 20 has asked the World Bank to create a trust fund to increase agricultural investment in poor countries. In July, countries pledged $20 billion over several years to increase investment in agriculture in poor countr ies to bolster food security following record-high prices last year. “We call on the World Bank to
News

Canada Begins Trade Talks With EU

The European Union and Canada have agreed to launch talks on a trade pact worth an additional $27 billion each year to their combined economies, suffering from dwindling trade because of the financial crisis. “It is a great success today. We signed the start of a process leading to the deepening of our economic co-operation,”

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