Agropur is getting a second nine-figure cash injection from a group of Quebec institutional investors and banks, further backing the major Quebec dairy farmer co-operative’s expansion plans against an uncertain domestic market. The investor group, led by Caisse de depot et placement du Quebec (CDPQ), said Thursday it will put up $300 million, on top […] Read more
Que. banks, funds boost stake in Agropur
Dairy support price gets boost starting Feb. 1
Canada’s dairy farmers can expect a two per cent bump in their overall revenue from industrial milk sales starting Feb. 1 next year. Citing dairy producers’ increased costs of production, the Canadian Dairy Commission on Wednesday announced its support price of butter will increase effective Feb. 1 to $7.7815 per kilogram, from $7.4046 currently. Its […] Read more
Parmalat gets GF2 funds for new Winnipeg milk plant
Dairy giant Parmalat is set to get federal and Manitoba government funding toward its planned new $50 million milk plant in Winnipeg. The two levels of government on Tuesday pledged $2.5 million toward the construction of Parmalat’s new dairy plant at an industrial park in the city’s St. Boniface area, about seven km east of […] Read more
Que. dairyman named parliamentary ag secretary
Canada’s agriculture minister will get a Quebec dairyman and grain farmer turned rookie Liberal MP as his new parliamentary secretary. Jean-Claude Poissant, who won the re-formed Montreal-area riding of La Prairie for the Liberals on Oct. 19 by a spread of almost 5,900 votes over Bloc Quebecois contender Christian Picard, was named Wednesday as parliamentary […] Read more
GTA police track down alleged cheesenappers
Three Toronto-area men face theft charges after a tractor trailer load of cheese took a late-night road trip in the wee hours Wednesday. The truckload of cheese had been reported stolen from the Brampton, Ont. area on Tuesday, York Regional Police said in a release. The YRP said they then got a call shortly after […] Read more
U.S. grains: Wheat drops on improving crop conditions, big stocks
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Tuesday, giving up all the prior session’s gains, as a further improvement in the condition of the U.S. winter crop placed attention back on ample global supply of the staple cereal. Corn prices eased, following wheat lower and further pressured by […] Read more
Asking the questions that need to be asked
An innovative summit takes a frank look at the troubled âĻU.K. dairy industry and what needs to change
Reading Time: 3 minutes Agrihive is an innovative new company out of Australia conceived by an idea that fellow Nuffield scholar James Walker had on his travels. His dream was to start a platform to tackle global issues and create actionable ideas. Part of that involves a U.K. Dairy Summit that was broadcast live on YouTube from London. The […] Read more
TPP deal to pressure Canadian dairy farmers, Saputo says
Reuters — Canadian farmers will get squeezed between new trade deals that allow more dairy imports to enter the country and slow-growing domestic consumption, Saputo’s CEO said on Thursday. The Trans-Pacific Partnership trade deal is expected to open access for New Zealand, the U.S. and other countries to 3.5 per cent of the Canadian market, […] Read more
Agropur to consolidate B.C. milk processing
Dairy co-operative Agropur plans to tighten up its fluid milk processing on British Columbia’s Lower Mainland, upgrading its milk plant at Burnaby and shutting its plant at Chilliwack. Quebec-based Agropur took over the Burnaby plant, along with facilities in Edmonton and Winnipeg, when it bought the former Canada Safeway milk processing plants from Sobeys last […] Read more
TPP not the death of supply management, N.Z. trade chief says
Hamilton, N.Z. | MCO — Canada’s supply-managed sectors should not worry about the Trans-Pacific Partnership, from where New Zealand’s Trade Minister Tim Groser sits. “I can understand why producer groups would wish to perceive this in a different way, but this is not the end of supply management,” he said here Thursday. “I don’t think […] Read more
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