The federal government took another step yesterday toward establishing its Indo-Pacific Agriculture and Agri-Food Office (IPAAO) in Manila, Philippines, with the appointment of its first executive director. Federal ag minister Lawrence MacAulay announced that Diedrah Kelly had been appointed to the post. Kelly is a long-time representative of Global Affairs Canada and recently was Canada’s […] Read more
Canada’s Indo-Pacific ag office takes step forward
The joint CFIA-AAFC venture is part of a plan to diversify exports to the Indo-Pacific region
Australia buys vaccines for lumpy skin disease to safeguard cattle exports
Recent scares halted some live export trade
Canberra | Reuters — The Australian government said on Wednesday it had bought a supply of vaccines for lumpy skin disease (LSD), a highly infectious condition affecting cattle, as part of efforts to control the disease and maintain live animal exports. The government says Australia is free of LSD but infection scares in recent months […] Read more
Ukraine says Russia threatened civilian vessels in second week without grain deal
Ukraine has harvested 11.2 million tons of its 2023 grain crop
Kyiv | Reuters – A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international community to condemn what he said were “the methods of terrorists”. Russia last week quit a U.N.-brokered deal allowing Ukraine, a major global grain producer, to safely export its grain via […] Read more
CBOT weekly update: U.S. Fed decision one of many factors
Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement
Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures. The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to […] Read more
EU looks to cover transport costs for Ukraine grain exports by land
About 60 per cent of Ukraine's exports were shipped via solidarity lanes when the Black Sea deal was in operation
Brussels | Reuters – The European Union is ready to export almost all of Ukraine’s farm produce via “solidarity lanes” and help cover costs after Russia withdrew from a U.N.-backed Black Sea grain deal, EU agriculture commissioner Janusz Wojciechowski said on Tuesday. Solidarity lanes are rail and road transport connections through EU member states that […] Read more
Bayer slashes outlook as glyphosate demand weakens further
Analysts say dry weather conditions hurt farmers' demand for seeds and pesticides
Reuters – Further deterioration in demand for glyphosate-based weed killers led Bayer BAYGn.DE to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion USD) write-down on glyphosate-related assets. In an unscheduled statement late on Monday, the German drugs and pesticides maker said it was projecting 2023 earnings before interest, taxes, depreciation […] Read more
Russia attacks Ukraine’s vital Danube grain export route
Ukrainian foreign minister calls for global response to 'food terrorism'
Kyiv | Reuters – Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after pulling out of the Black Sea grain deal. Last week’s attacks mostly struck the sea ports of Odesa […] Read more
Federal and provincial ag ministers meet in Fredericton
Environmental issues remain a hot topic for provincial agriculture ministers. That and sustainable agriculture dominated discussions during the recent federal, provincial and territorial (FPT) agriculture ministers meeting in Fredericton, N.B. The annual conference was held from July 19-21. The focus on sustainable agriculture tracks, as this is the first time the ministers have met since […] Read more
Rain in China’s northeast brings relief for corn, drought risk remains
An oversupply of hogs, weak demand are pressuring pork prices
Beijing | Reuters – Recent rainfall in China’s northeastern breadbasket has relieved drought across most of the region, an agriculture ministry official said Friday, but risks remain with the El Nino weather pattern potentially bringing more extreme weather this summer. China is the world’s second-biggest corn producer and about 40 per cent of its crop […] Read more
Russian diplomat accuses Ukraine of using Black Sea grain corridor for attacks
Russia says it's negotiating exports of food to countries most in need
Moscow | Reuters – Russian Deputy Foreign Minister Sergei Vershinin on Friday accused Ukraine of using a grain export corridor in the Black Sea to launch “terrorist attacks” against Russian interests, including one this week on the Crimean Bridge. Vershinin was addressing a briefing about Russia’s decision on Monday to quit the year-old Black Sea […] Read more
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