BriefS – for Oct. 25, 2010

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CWB to take fusarium-affected winter wheat

staff

Prairie winter wheat growers whose No. 2 Canada Western red winter (CWRW) crop has turned up with high levels of fusarium have until Oct. 31 to get in on a Canadian Wheat Board program to deliver it.

The CWB has rolled out a Series A 2010-11 delivery program in which CWRW growers can deliver crops testing higher than the normal tolerance levels for fusarium, while maintaining export standards and ensuring customers receive a safe product.

Under the contract No. 2 CWRW will be accepted with no higher than three per cent fusarium content, the CWB said.

Initial payments, however, will be subject to a tonnage discount, based on the difference between the fusarium level in a farmer’s delivery and the Canadian Grain Commission’s maximum fusarium tolerance of two per cent.

The discount will be multiplied this year by a weighting factor of five to reflect the initial payment price spread difference between Nos. 1 and 2 CWRW, the CWB said.

EU-Canada trade talks ahead of schedule

Talks on a free trade pact between Canada and the European Union should be wrapped up successfully before the end-2011 target date, Canadian Trade Minister Peter Van Loan said Oct. 18.

Earlier in the day officials from both sides started the fifth round of talks on an agreement that could boost trade flows by billions of dollars a year.

Van Loan, cautioning that the toughest negotiations are still ahead, said he would meet European trade chief Karel De Gucht in early December to review progress so far.

“Unless something earth-shattering happens, if we make the anticipated progress in this round, I expect we will probably conclude there is good reason to continue to go forwar … Right now we’re well ahead of expectations, so I’m pretty optimistic,” he said.

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