Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Wednesday hit a three-month low, partly rattled by talk of a potential trade war if the U.S. tacks higher tariffs on imported steel and aluminum, traders said. Wednesday’s U.S. stock market slumped as U.S. President Donald Trump appears poised to impose steep tariffs this […] Read more
U.S. livestock: Trade war jitters drag on CME hogs
Steel shock drives wedge into sluggish NAFTA talks
Mexico City | Reuters — Negotiators trying to rework the NAFTA trade deal on Thursday were hit by the prospect of a battle over U.S. steel tariffs that could make it more complicated to build autos in North America, one of the most sensitive issues at the talks. U.S. President Donald Trump said he would […] Read more
India hikes chickpea duty again
CNS Canada — The Indian government has raised its import tariff for chickpeas for a second time, this time from 40 per cent to 60 per cent. The government said Thursday in the Gazette of India its tariff is to be imposed immediately, due to circumstances which make it necessary to take immediate action. Reuters […] Read more
India, Canada to work up pulse export protocols
The prime ministers of Canada and India have agreed to sort out new and predictable rules governing exports of Canadian pulse crops. Prime Minister Justin Trudeau, on a state visit this week to India, released a joint statement with India’s Prime Minister Narendra Modi on Friday calling for the two countries to reach a new […] Read more
Pulse weekly outlook: Prairie market ‘nonexistent’ due to trade dispute
CNS Canada — As the western Canadian pulse crop industry awaits news from Prime Minister Justin Trudeau’s visit to India, two traders aren’t holding their breath. “I’m not expecting any big announcements or any big headway other than wording like ‘working towards understandings’ and things like that,” said Adam Krieser of Canpulse Foods in Saskatoon. […] Read more
Pulse weekly outlook: Industry adapting to new market reality
CNS Canada — Pulse growers are facing new questions on the Prairies these days as a trade impasse with India forces many farmers to prepare for new market realities. Prime Minister Justin Trudeau next week will visit India, where the thorny subject of its levies on Canadian pulse exports will be raised. India imposed the […] Read more
India raises chickpea import duty to 40 per cent
The Indian government has raised its import tariff for chickpeas from 30 per cent to 40 per cent. The government said Tuesday in the Gazette of India the increased tariff is to be imposed immediately, with existing circumstances making it necessary. Chickpea prices have continued to fall over the last six months, according to reports […] Read more
FCC sees benefits in new Trans-Pacific trade pact
CNS Canada — The future of trade for the Canadian agriculture industry is looking bright from the perspective of Canada’s federal ag lending agency, with progress on the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). According to Farm Credit Canada (FCC), anytime Canada can get less-restricted access to markets it is good for agriculture. “We can […] Read more
Pulse weekly outlook: Australia makes progress with India, Canada waits
CNS Canada –– Pulse crop prices in Western Canada are holding steady while questions remain about the future of trade with India. India in November imposed a 50 per cent import tariff on peas and in December a 30 per cent tariff was placed on chickpeas and lentils. The tariffs were imposed overnight and left […] Read more
India will continue to import Canadian pulses, AGT says
CNS Canada — Pulse crop trade with India hasn’t been rosy lately but the head of a Canadian pulse shipping and processing company believes the tides will soon change. “India’s going to buy again this year. We’ll have to see what level but we think the recoveries are going to start slowly,” said Murad Al-Katib, […] Read more
Cyber-Savvy Farmer
