
Tag Archives Tariff

Pulse weekly outlook: Export demand supports lentils
India set to extend current tariff reductions
MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more

China rejects Australia’s appeal to remove barley tariff
Sydney | Reuters — China has rejected Australia’s appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion (C$1.4 billion) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5 per […] Read more

India restores reduced tariff on lentil imports
All but U.S. lentil imports to get better break on duty, again
India has reinstated a reduced-rate tariff on imports of lentils from Canada as well as from all lentil-exporting nations other than the United States. Saskatchewan Pulse Growers on Friday reported receiving a Sept. 17 notification of amendment from India’s finance ministry regarding customs tariffs on lentils, which in Canada’s case had snapped back to 33 […] Read more

Pulse weekly outlook: Conditions optimal for India’s winter crops
MarketsFarm — Cold weather in key growing regions of India could indicate high production levels for winter pulse crops. Heavy showers and colder temperatures in Punjab, Haryana and Uttar Pradesh created “ideal conditions” for winter-sown pulses, according to India’s agriculture commissioner SK Malhotra. Malhotra explained that the output of the winter-grown pulse crops will likely […] Read more

CBOT weekly outlook: Commodities hold up while waiting on China
MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more

U.S. grains: Soybeans hit six-week low as China virus sparks selling
Chicago | Reuters — U.S. soybean futures sank to their lowest level in more than six weeks on Friday as fears over the coronavirus spreading from China triggered broad-based selling. Corn and wheat futures also weakened as the U.S. Centers for Disease Control and Prevention confirmed a second U.S. case of the new virus in […] Read more

Fictional nation Wakanda removed from USDA trade list
Reuters — The U.S. Department of Agriculture (USDA) said it removed the fictional country of Wakanda from an online list of nations that have free trade agreements with the United States on Thursday. The Kingdom of Wakanda is the home of Black Panther, the Marvel superhero, and is portrayed in comic books and the 2018 […] Read more

Vietnam considers CPTPP-level tariff cuts on U.S. ag products
Hanoi | Reuters — Vietnam is considering cutting tariffs on several U.S. products, the ministry of finance said in a statement on Monday, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork and […] Read more

Industry reacts to divided vote, minority government
Ottawa — A regionally divided federal election resulting in a minority Liberal government leaves a clear challenge for Prime Minister Justin Trudeau and his caucus colleagues on how to handle the future of agriculture. Trudeau said clearly in his victory speech Monday night that Alberta and Saskatchewan are part of the country and will be […] Read more

Canadian wheat sales to China hit 14-year high despite dispute
Winnipeg/Chicago | Reuters — Canada has shipped the most wheat to China in 14 years, contrasting a sudden halt in canola trade amid a diplomatic dispute between the countries, as Chinese buyers shunned the United States. China bought 1.5 million tonnes of wheat from Canada from August 2018 through April 2019, nearly double the pace […] Read more
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