Chicago/Washington | Reuters — The United States requested formal trade consultations with Mexico on Monday over U.S. objections to its southern neighbour’s plans to limit imports of genetically modified corn and other agricultural biotechnology products. The U.S. Trade Representative’s office announced the request for technical talks after months of informal discussions with Mexican officials over […] Read more
U.S. demands formal trade talks with Mexico over GMO corn dispute
U.S. says new rules a breach of CUSMA
Merit Foods stakeholder looking to buy company
Burcon 'actively engaged' with company's receiver
One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after Merit entered a court-ordered receivership, Vancouver-based Burcon NutraScience announced Friday it “intends to submit a formal proposal to acquire the business.” Burcon said Merit’s receivership […] Read more
North Korea’s Kim demands more farmland to boost food production
Seoul | Reuters — North Korean leader Kim Jong Un ordered improvements to infrastructure and expansion of farmland to ramp up food production, state media said on Thursday, amid warnings of an impending food crisis. Kim gave instructions to revamp irrigation systems, build modern farming machines and create more arable land as he wrapped up […] Read more
Plant protein processor Merit Foods in receivership
Company owes $95 million to EDC, FCC
The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s processing plant and property in […] Read more
U.S. to crack down on child labour amid massive uptick
Food processing plants among alleged offenders
Washington | Reuters — The Biden administration in the U.S. announced measures to crack down on child labour on Monday amid a steep rise in violations and investigative reports by Reuters and other news outlets on illegal employment of migrant minors in dangerous industries. U.S. officials said the Labor Department had seen a nearly 70 […] Read more
Sollio books deeper loss for 2022
Olymel's fresh pork business takes biggest hit
Domestic and international market-moving events have dragged hard on the year-end bottom line for Sollio Cooperative Group, particularly in its fresh pork business. Quebec-based Sollio — which operates the ag input and farm service business Sollio Agriculture, meat packer Olymel and hardware retailer BMR — on Thursday reported full-year revenues of $8.876 billion for its […] Read more
Business leaders back tax credit to spur more agri-processing
Province to offer 12 per cent tax credit for large-scale value-added projects
Reading Time: 3 minutes A new provincial tax break aimed at boosting the province’s agri-processing sector is getting a thumbs up from business leaders. “We are truly involved in a global economy that includes a rise in demand for food exports,” said Rich Vesta, owner of Harmony Beef, who hosted a government press conference announcing the tax credit. “With […] Read more
Canadians fret about food but not about those who produce it
Rising prices have sapped consumer confidence, but they still trust farmers, annual survey finds
Reading Time: 3 minutes Consumers still view farmers as the good guys and even more so when it comes to animal welfare. That’s according to the latest edition of an annual survey of Canadian attitudes toward the food system. “As far as the farmers, I trust that they are the best resource of the food system, always providing the […] Read more
Mexico opens door for GM corn in feed, industrial uses
U.S. 'disappointed' in Mexico's new decree
Mexico City | Reuters — Mexico on Monday scrapped a deadline to ban genetically modified corn for animal feed and industrial use amid trade tensions with the United States — but retained plans to prohibit use of the GM grain for human consumption, as well as the herbicide glyphosate. The move, approved in a government […] Read more
Bill to keep supply management off trade table moving forward
CCA, other groups oppose proposal as Bloc MP's private bill passes second reading
A federal private member’s bill that would codify the current government’s promise to leave supply-managed ag commodities out of any future free trade deals has advanced to the committee stage. Introduced last June 13 by Bloc Quebecois MP Luc Theriault, Bill C-282 came back last Wednesday to pass second reading in the House of Commons […] Read more
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