Ottawa | Reuters — There is “an awful lot of affection for Canada” around the world that will help the government’s push to diversify exports away from the United States, the country’s new trade minister said on Thursday, as ties with Washington become more strained. Winnipeg MP Jim Carr, previously the minister for natural resources, […] Read more
World’s ‘affection’ for Canada will help in trade diversification: Carr
Pulse import plunge in India to ripple across Canada, Australia
Mumbai | Reuters — Pulse imports to India, the world’s biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers. The reduction in imports illustrates the government’s steps to raise the prices of pulses, […] Read more
Pulse weekly outlook: Peas may find opportunities ahead
CNS Canada — Ongoing trade disputes between the U.S. and several other countries might offer short-term opportunities for Canadian peas, but do the overall industry no good, according to the executive director of Saskatchewan Pulse Growers. Carl Potts said ppeas could potentially find access to markets where the U.S. has been shut out, or in […] Read more
India extends crop fumigation exemption until year-end
Paris/Mumbai | Reuters — India has extended by six months to the end of 2018 an exemption to its policy for crop cargoes to be fumigated with methyl bromide, a move that should facilitate continued imports of pulses and wheat. The Indian government has issued a letter announcing the exemption would be extended to Dec. […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
China drops import tariffs on feed ingredients from Asian neighbours
Beijing | Reuters — China on Tuesday said it would remove import tariffs on animal feed ingredients including soybeans from five Asian neighbours, in a sign that Beijing wants to boost foreign supplies of the commodities as a trade dispute with the U.S. escalates. The Ministry of Finance said it would drop tariffs on soybeans, […] Read more
Pulse weekly outlook: Canadian exports face market changes
CNS Canada — After a year in which Canada’s largest pulse buyer, India, imposed import tariffs, Canadian pulse crops are seeing a shift in export dynamics. Lentil and pea exports in Canada are down this year compared to last. According to data from the Canadian Grain Commission, as of June 17, lentil exports were at […] Read more
Pulse weekly outlook: Lentil crop prospects look good, market down
CNS Canada — The western Canadian lentil crop is looking good, which has buyers in no rush to lock in contracts. “The crop is germinating well and so (buyers are) not really anxious or worried about having product available in this coming crop year,” said Marlene Boersch, of Mercantile Consulting Venture. Thursday’s crop report from […] Read more
With deal to close this week, Bayer to retire Monsanto name
Frankfurt | Reuters — Germany’s Bayer will wrap up the US$63 billion takeover of Monsanto on Thursday and also retire the U.S. seed and chemical firm’s 117-year-old name. The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday. “Bayer will remain the company name. Monsanto will no […] Read more
Pulse weekly outlook: Large U.S. crop possible, despite reduced acres
CNS Canada — Farmers in the U.S. may have planted fewer pulse acres in 2018 compared to the previous year — but the reduction was likely not as large as forecast by the U.S. Department of Agriculture. A return to average yields would also still result in big supplies overall, after poor crops in 2017, […] Read more
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