Potash miners ratify deal:

About 500 miners and processing workers at PotashCorp’s Allan, Cory and Patience Lake mines near Saskatoon, represented by the United Steelworkers, have approved a new three-year contract retroactive to May 1. Last Thursday’s vote ends a 99-day strike which by itself strengthened market fundamentals for potash producers, by limiting supplies. Workers get raises and other

South America’s meat packers battle sales slump

A downturn in beef orders is forcing meat packers in South American ranching countries to sell shipments off cheap and make workers take early holidays. Early this year, things looked rosy for beef exporters in Argentina, Uruguay and Paraguay, but with Russian importers struggling to get credit and Europeans cutting down on expensive steaks, sales


Burdened oil nations seek cheaper Brazil chicken

Major oil-producing countries, which are among the top buyers of Brazil’s chicken, aim to pay less for it from 2009, a Brazilian poultry industry source said on Nov. 6, to cut spending after crude prices halved. Buyers have not cancelled any contracts, said the head of the Brazilian Association of Chicken Producers and Exporters, Francisco

Russian Grain Union proposes export subsidies

The Russian Grain Union has asked the government to provide export subsidies to help the country’s suppliers overcome the global financial crisis and make the most of the best crop in 15 years, the union’s head said Nov. 13. Arkady Zlochevsky told Reuters Russian grain exports would reach 12 million tonnes between July and December


French sheep breeders take flocks to Eiffel Tower

Several hundred French breeders brought sheep to graze near the Eiffel Tower on Nov. 13 to protest what they say is insufficient aid to help revive a sector endangered by surging costs and low selling prices. Sheep farmers say a 250-million-euro (US$312 million) government plan unveiled Nov. 12 to boost falling farm income, including 50

French court fines power grid for harming animals

A French court has ruled that power grid RTE must pay 390,000 euros (US$493,200) to a farming family after a high-voltage line caused its animals to fall sick, a prosecutor said Nov. 17. State-run RTE, an arm of EDF, said it would appeal against the decision, a first for France and which could open the


U. S. biofuels sector sees ally in Obama

U. S. biofuel makers, struggling to make a profit at a time of tumbling oil and gasoline prices, look upon president-elect Barack Obama as a staunch ally for growth. Obama has expressed support for the federal requirement to use ethanol, made mostly from corn, as a motor fuel and says he will accelerate the development

China rail workers clash with farmers over land

Chinese authorities are investigating an incident in which more than 100 rail workers carrying iron bars beat local farmers who were obstructing work on a high-speed train link in a dispute over land compensation. Railway workers from 17th Bureau Group, a unit of state-owned China Railway Construction Corp., clashed with farmers last month on the


Agrium profit surges, widens outlook

Agrium Inc. reported a higher third-quarter profit that topped analyst expectations and the company widened its outlook for the second half of the year amid turmoil in the global economic and commodity markets. Agrium, the world’s third-largest nitrogen producer and the top U. S. retailer of crop supplies, earned $367 million or $2.31 a share

Brazil urges Doha deal before Obama start

Brazil wants a broad deal in the long-running Doha round to open up world trade to be concluded before U. S. President-elect Barack Obama takes office in January. Foreign Minister Celso Amorim told Reuters Nov. 5 that reaching a deal in the trade talks would send a powerful counter-cyclical signal to a world economy bludgeoned