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The World Trade Organization (WTO) headquarters in Geneva, Switzerland on Oct. 28, 2020. (Photo: Reuters/Denis Balibouse)
News

U.S. committed to WTO and wants it to succeed

Key Biden appointee says U.S. wants to see trade pact work

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Reuters – Top U.S. trade negotiator Katherine Tai has affirmed the Biden administration’s commitment to the World Trade Organization (WTO), saying consensus was possible on several trade and health proposals at a major meeting next month. The 25-year-old global trade body is facing questions about its relevance and director general Ngozi Okonjo-Iweala is under pressure to deliver quick reforms and clinch
Markets, News

China meat imports drop in August on low domestic prices

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China imported 758,000 tonnes of meat in August, down 8.9 per cent from the corresponding month a year ago, customs data showed Sept. 7, as weak domestic pork prices weighed on demand for imports. China has imported 6.69 million tonnes of meat for the first eight months of the year, up 1.7 per cent on
“The actual supply chain for containerized grain of all types out of Western Canada is essentially broken.” – Greg Northey, Pulse Canada.
News

The missing link: Inside the shipping container crisis

Stuck between a shipping cartel and COVID, Canada’s pulse industry risks becoming landlocked

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For many years the Prairie pulse sector revolved around an orderly flow of shipping containers. They moved out of manufacturing hubs like southern China stuffed with consumer goods of all sorts, to ports in Vancouver and Prince Rupert. There they were emptied, and loaded again with outbound goods — in this case pulse crops like
Photo: Thinkstock

Slow U.S. corn shipments could pressure supply forecasts

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Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S.
The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets

ADM quarterly profit surges amid strong U.S. corn exports to China

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Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up
The World Trade Organization (WTO) headquarters in Geneva, Switzerland on Oct. 28, 2020. (Photo: Reuters/Denis Balibouse)
News

Multi-partisan committee calls for special measures to protect farmers

MPs release list of recommendations and priorities for WTO reform efforts

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A federal International Trade committee recommends Canada implement special measures to protect farmers. In its latest report, MPs on the committee released a list of recommendations and priorities for reforming the World Trade Organization (WTO). During witness testimony, members from the major parties heard about challenges experienced at the WTO. Officials from Global Affairs said
Indonesia warns of ‘challenging’ trade talks with Canada
News

Indonesia warns of ‘challenging’ trade talks with Canada

Wheat and soybeans seen as two key agricultural commodities for Canada

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Canada is preparing to formally launch bilateral trade negotiations later this year with Indonesia, but already plans to include gender, environmental and labour provisions in a deal are being described as a “challenge.” The two nations have long flirted with the idea of a trade agreement, with Canada launching stakeholder consultations of the subject in
Letters, Op/Ed

Letters: Cold War with China costs Prairie farmers

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According to a recently released report from the Canola Council of Canada, worsened relations with China since the December 2018 arrest of Huawei CFO Meng Wanzhou have cost Prairie farmers $1 billion or more. During the period March 6, 2019 to July 31, 2020 the losses to Canadian canola growers are estimated at from $681

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