Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
FCC identifies export, market opportunities for Canadian food
The ag lender's latest report highlights canola oil, pork, potato products, crab meat
High food prices hurting India’s poor
Inflation pain expected to persist for months yet
New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds […] Read more
Louis Dreyfus to gain first outside investor
Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake
Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more
Food retail order boom may ease after big quarter, Conagra says
Reuters — Conagra Brands put better-than-expected first quarter sales on Thursday down to heavy ordering by retailers worried about the durability of supply chains in the months ahead as a second wave of coronavirus cases takes hold. Shares in the foodstuffs maker dipped as much as three per cent before recovering after chief financial officer […] Read more
Feds pondering more self-reliance in Canada’s food
'Even if we are already in a good position, we can always do better,' Bibeau says
Agriculture Minister Marie-Claude Bibeau is looking for ways to make Canada’s food supply more autonomous. In an interview Thursday, Bibeau pointed to her minority Liberal government’s pledge in the throne speech to further support the food value chain. That could mean a review of food infrastructure across the country, according to Bibeau. Specifics aren’t yet […] Read more
Olymel’s Red Deer plant holds at one COVID case
Pork plant employee's contacts returning to work
A production line employee at Olymel’s hog slaughter plant at Red Deer, Alta. remains the facility’s lone COVID-19 case after her contacts at the plant tested negative for the virus, the company says. Olymel, the meat packing arm of Quebec ag co-operative Sollio, confirmed the lone COVID-19 case at its Red Deer site on Aug. […] Read more
Feds line up projects for surplus food program
NGOs backed to gather, distribute 12 million kg of food
The federal government has lined up eight projects to source and distribute perishable produce, meat, eggs and seafood piling up across Canada due to the COVID-19 pandemic. As part of the federal pandemic response, Prime Minister Justin Trudeau announced in early May that Ottawa would budget $50 million for a food surplus purchase program. The […] Read more
Mexico to phase out use of glyphosate
Farmers to have until 2024 to phase out herbicide
Mexico City | Reuters — Mexico will gradually phase out use of the herbicide glyphosate by the time the current administration ends in late 2024, President Andres Manuel Lopez Obrador said on Wednesday, following a ministerial spat over the product. Acknowledging differences between his agriculture and environment ministries over the herbicide, which is used in […] Read more
Campaign to focus on food chain
Reading Time: < 1 minute The Canadian Centre for Food Integrity is launching a new campaign to inform consumers on how the food system works. “It’s Good, Canada” will share stories of Canadians working across the food supply chain and provide information about farming, transportation, processing, retail and production at the website itsgoodcanada.ca. The website has short videos from farmers […] Read more
Louis Dreyfus adds venture capital unit
New unit's potential budget not yet discussed publicly
Paris | Reuters — Agricultural commodities trader Louis Dreyfus Co. has launched a venture capital program to invest in food and farming firms while also announcing a change of head for its innovation business. “Over the coming months, we will invest in early-stage companies with the potential to transform the food and agriculture industries,” CEO […] Read more
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