MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more
Pulse weekly outlook: India’s tariff elimination has little effect on Canada
WTO creates panel in China-Australia barley row
Sydney/Geneva | Reuters — The World Trade Organization (WTO) agreed on Friday to establish a dispute settlement panel to resolve a row over anti-dumping and countervailing duties imposed by China on Australian barley, a trade source attending the meeting said. Australia launched a formal appeal to the WTO last year, seeking a review of China’s […] Read more
Morocco reimposing 170 per cent duty on hard wheat
Rabat | Reuters — Morocco will reimpose customs duty on soft and hard wheat of 135 and 170 per cent respectively from May 15 in order to cut imports at a time of higher prices in international markets, the agriculture ministry said Monday. The government had said last week the duties would be reintroduced from […] Read more
Pulse weekly outlook: Harvest shortcomings could open doors to India
MarketsFarm — As India’s pulse harvest continues, indications have been that initial projections might not be met — which could lead the world’s largest producer and consumer of pulses to allow more imports, MarketsFarm Pro analyst Mike Jubinville says. The Indian government expected about 11.5 million tonnes of chickpeas, but the harvest might bring in […] Read more
New U.S. trade chief Tai focused on CUSMA, China ties in calls
New trade deals on hold for now, White House says
Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to […] Read more
China’s appetite for feed barley sucks in new crop from Canada, France
Tariff on Australian barley favours other suppliers
Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig […] Read more
Australia to appeal at WTO over China’s barley tariffs
China in May imposed tariffs totalling 80.5 per cent
Sydney | Reuters — Australia will launch a formal appeal to the World Trade Organization (WTO) later on Wednesday seeking a review of China’s decision to impose hefty tariffs on imports of Australian barley, Minister for Trade Simon Birmingham said. Acknowledging the appeal may take years to be resolved, Birmingham told reporters Australia would also […] Read more
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
Pulse weekly outlook: Peas, lentils see some strength
Lentil trade watching India
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
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