GFM Network News



File photo of a chickpea crop in India. (Nikhil Patil/iStock/Getty Images)

Pulse weekly outlook: Harvest shortcomings could open doors to India

MarketsFarm — As India’s pulse harvest continues, indications have been that initial projections might not be met — which could lead the world’s largest producer and consumer of pulses to allow more imports, MarketsFarm Pro analyst Mike Jubinville says. The Indian government expected about 11.5 million tonnes of chickpeas, but the harvest might bring in


U.S. Trade Representative Katherine Tai is sworn in at the White House on March 18, 2021. (Photo: Reuters/Tom Brenner)

New U.S. trade chief Tai focused on CUSMA, China ties in calls

New trade deals on hold for now, White House says

Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to

(File photo)

Australia to appeal at WTO over China’s barley tariffs

China in May imposed tariffs totalling 80.5 per cent

Sydney | Reuters — Australia will launch a formal appeal to the World Trade Organization (WTO) later on Wednesday seeking a review of China’s decision to impose hefty tariffs on imports of Australian barley, Minister for Trade Simon Birmingham said. Acknowledging the appeal may take years to be resolved, Birmingham told reporters Australia would also

Editor’s Take: Time for an Agpec trade agreement?

It would seem times are about to get tough for ‘trading nations’ as Canada has styled itself for the past few decades. That designation makes sense, and in many ways is inevitable. After all, we’re talking about a land mass of nearly 10-million square kilometres, the second-largest country in the world. And on that enormous


(4loops/iStock/Getty Images)

Pulse weekly outlook: Peas, lentils see some strength

Lentil trade watching India

MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50

Australia lowers barley export forecast after China tariff

Reuters – Australia has lowered its forecast for barley exports during the 2020-21 season by around six per cent after China imposed a tariff that effectively ended the billion-dollar trade between them. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said barley exports during the 2020-21 season will total 6.155 million tonnes,

(DWalker44/iStock/Getty Images)

U.S. to remove tariffs on Canadian aluminum

Ottawa drops threat of retaliation on stock trailers, fencing, other aluminum goods

Washington/Ottawa | Reuters — The Trump administration said on Tuesday it will remove 10 per cent U.S. tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to “normalize” over the next four months. In response, Canada dropped a threat to impose billions of dollars of retaliatory


(DWalker44/iStock/Getty Images)

Canada may unveil retaliatory tariffs on U.S. goods Tuesday

Stock trailers could be among affected aluminum wares

Ottawa | Reuters — Canada will announce on Tuesday that it is going ahead with a threat to slap retaliatory tariffs on U.S. goods after Washington said it would impose punitive measures on Canadian aluminum imports, CTV said on Monday. Deputy Prime Minister Chrystia Freeland said last month that Ottawa would impose sanctions on $3.6