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Tag Archives tariffs

Crops, Lentils, Markets, Peas

Pulse weekly outlook: Peas, lentils see some strength

Lentil trade watching India

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MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50 […] Read more
Livestock, Machinery & Shop, Reuters

U.S. to remove tariffs on Canadian aluminum

Ottawa drops threat of retaliation on stock trailers, fencing, other aluminum goods

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Washington/Ottawa | Reuters — The Trump administration said on Tuesday it will remove 10 per cent U.S. tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to “normalize” over the next four months. In response, Canada dropped a threat to impose billions of dollars of retaliatory […] Read more
General, Machinery & Shop, Markets, Reuters

Canada may unveil retaliatory tariffs on U.S. goods Tuesday

Stock trailers could be among affected aluminum wares

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Ottawa | Reuters — Canada will announce on Tuesday that it is going ahead with a threat to slap retaliatory tariffs on U.S. goods after Washington said it would impose punitive measures on Canadian aluminum imports, CTV said on Monday. Deputy Prime Minister Chrystia Freeland said last month that Ottawa would impose sanctions on $3.6 […] Read more
Crops, Markets

Durum and lentils bright spots as demand picks up

International buyers have been looking to Canada for both supply and high quality

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A lot of things have been bad in 2020, but there have been a few good things. Durum and pulses prices fall in the good column. Poor prices in 2018 led to a drop in durum acreage last year, said Geoff Backman, manager of business development and markets for Alberta Wheat and Alberta Barley. Italy’s […] Read more
General, Machinery & Shop, Markets, Reuters

New finance minister Freeland no longer to spearhead U.S. relations

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Ottawa | Reuters — Chrystia Freeland will no longer be in charge of spearheading diplomatic relations with the United States now that she is Canada’s new finance minister, three government sources told Reuters Wednesday. Prime Minister Justin Trudeau had made Freeland his main U.S. go-between when he named her deputy prime minister after last year’s […] Read more
General, Machinery & Shop, Markets, Reuters

CUSMA pact takes effect under cloud of disputes, COVID-19

Deal appears to assure continuity of trade for agriculture

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Washington/Mexico City/Ottawa | Reuters — A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum […] Read more
Crops, Lentils, Markets

Pulse weekly outlook: Levy cut an opportunity for Canadian lentils

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MarketsFarm — Canadian lentils should benefit from India lowering its import levy on lentils from 30 to 10 per cent, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The announcement, made June 2, was intended to reduce lentil prices in the country. India’s Ministry of Agriculture and Farmers’ Welfare estimated the lentil crop […] Read more
Crops, Lentils, Markets

India reduces tariffs on lentils

Reduction set for all lentil imports except from U.S.

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MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more
General, Markets, Reuters

Australia requests China trade talks over beef, barley

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Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after […] Read more

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