Hamburg | Reuters — Global food exporting countries should not restrict food exports after Russia’s invasion of Ukraine cut world supplies, agriculture ministers of the G7 group of nations said on Friday. The impact on markets escalated this week as a growing list of food producing countries restricted exports, keeping vital supplies within their borders. […] Read more
G7 ag ministers urge end to food export curbs as prices surge
Nations warn against 'speculative behaviour'
Schoepp: The food sector is much bigger than you might imagine
We’ve seriously underestimated how big the sector is, and its ability to be an even bigger economic engine
Reading Time: 3 minutes As the world of agriculture and agri-food evolves, so too does its workforce. Capturing just who is engaged in this massive economic engine has been difficult as previous statistics have focused on who works ‘on the farm’ rather than who is employed ‘in the food system.’ Perhaps never before in history has there been such […] Read more
AGT building oat milling plant in Saskatchewan
Regina pulse processor AGT Foods plans to bulk up its portfolio in the plant-based ingredients business with a new oat milling operation in central Saskatchewan. The company on Thursday announced it would start construction “immediately” on the new operation, to be housed in an expansion of its existing processing plant just east of Aberdeen, about […] Read more
Pandemic home cooking trend is ‘entrenched’
Reading Time: < 1 minute Even though they’re paying more for ingredients, food manufacturers aren’t being squeezed and have been able to pass on cost increases to consumers, says a new report from CoBank, a major American lender. The pandemic led to a surge in spending at grocery stores as restaurant sales plunged. Market watchers thought that would be reversing […] Read more
Loblaw beats estimates for quarterly revenue
Reuters — Canadian retailer Loblaw Cos. beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at home has sustained even as COVID curbs have eased, continuing to help sales at grocery stores that benefited during last year’s lockdowns. Companies such as […] Read more
ADM releases alternative protein outlook for 2022
MarketsFarm — Major U.S. agribusiness ADM released a report Tuesday identifying the seven biggest trends in the alternative protein market, ranging from creating new protein sources from fungi to making plant-based meat substitutes more affordable and palatable to the general public. The seven trends in the report were: introduction of novel protein sources, using microbial […] Read more
Canary seed prices likely to be good in 2022
MarketsFarm — Prices for canary seed spiked to all-time new highs and then pulled well back as the Prairie winter set in, according to David Nobbs of Purely Canada Foods in Saskatoon. Nobbs explained prices were on a rollercoaster in 2021, starting out at around 30 cents per pound only to climb through the 30s […] Read more
Vaccine mandate to lead to inflation, empty shelves, trucking executives say
Parallel mandate for U.S. entry starts Saturday
Ottawa | Reuters — Canadian consumers should soon see higher prices and some empty shelves in supermarkets and other retail outlets because of disruptions stemming from a COVID-19 vaccine mandate for cross-border truckers, top trucking executives warned this week. The mandate, imposed by Ottawa to help curb the spread of the virus, has cost six […] Read more
Scoular fires up flax processing near Regina
Plant to process flax for food- and feed-grade markets
U.S. grain handler Scoular’s Canadian arm has opened a new flax processing operation at its site just southeast of Regina, into what it describes as a record-strong flax market. Scoular Canada on Wednesday announced the opening of its “high-speed” flax line at Richardson, Sask., where it already processes and cleans lentils, peas and canary seed. […] Read more
Canada resists pressure to drop vaccine mandate for cross-border truckers
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau is pushing ahead with a vaccine mandate for international truckers despite increasing pressure from critics who say it will exacerbate driver shortages and drive up the price of goods imported from the United States. Canada will require all truckers entering from the U.S. to show proof […] Read more
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