OTTAWA, June 22 (Reuters) – After Prime Minister Justin Trudeau held a cordial first meeting with U.S. President Joe Biden in February, marking an end to years of battles with the Trump administration, a relieved Canadian official said, “We feel we are off to the races here.” But old trade disputes that flared up during […] Read more
Author Archives
Forecast rises for Russia’s 2021 wheat crop
MOSCOW, June 23 (Reuters) – Russian agriculture consultancy Sovecon said on Wednesday that it had raised its forecast for Russia’s 2021 wheat crop by 2.2 million tonnes to 84.6 million tonnes due to favourable weather and a larger sowing area. Russia, the world’s largest wheat exporter, is expected to start harvesting this year’s grain crop […] Read more
EU monitor ups 2021 grain yield forecasts again
PARIS, June 21 (Reuters) – The European Union’s crop monitoring unit MARS raised its grain crop yield forecasts in the bloc for the second month in a row, confirming that warm and wet weather had helped crop development after a cold snap earlier in the season. This year’s yields in the 27-member bloc were now […] Read more
Nutrien bumps up potash output after EU imposes sanctions on Belarus
WINNIPEG, Manitoba, June 21 (Reuters) – Canadian fertilizer producer Nutrien Ltd said on Monday it would boost 2021 output of the crop nutrient potash by 500,000 tonnes, after the European Union imposed trade sanctions on Belarus. Nutrien’s increase takes its potash sales outlook this year to a record-high range of 13.3 million to 13.8 million […] Read more
Don’t panic, Chinese govt tells pig farmers as prices slide further
BEIJING, June 21 (Reuters) – China’s government-backed livestock industry body urged pig farmers on Monday not to panic as hog prices fell further and investors continued to sell shares in major producers. Live hog prices in the world’s top pork consumer have plunged 65% since the start of the year as domestic production surged and […] Read more
Stung by pandemic and JBS cyberattack, U.S. ranchers build new beef plants
CHICAGO, June 17 (Reuters) – U.S. cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned into meat. A cyberattack against the U.S. unit of Brazilian […] Read more
How four big companies control the U.S. beef industry
CHICAGO, June 17 (Reuters) – U.S. lawmakers are seeking increased oversight of the beef sector as concerns about anticompetitive behavior increase after the pandemic and a cyberattack on a major meat company, JBS USA. Agriculture officials are meanwhile pushing for more processing capacity and ranchers are opening new slaughterhouses after plant shutdowns highlighted the industry’s […] Read more
Brazil to plant nearly 100 million acres with soybeans
SAO PAULO, June 21 (Reuters) – Brazilian farmers will increase the country’s area planted with soybeans to 40 million hectares (98.8m acres) this season from 37.8 million hectares in the previous crop year, Bartolomeu Braz, who leads farmer group Aprosoja in the state of Goiás, said on Monday. Speaking at an event hosted by agribusiness […] Read more
JBS paid $11M to end cyberattack
REUTERS — Meat packer JBS USA paid a ransom equivalent to $11 million after a cyberattack that recently disrupted its North American and Australian operations. “This was a very difficult decision to make for our company and for me personally,” said Andre Nogueira, CEO of JBS USA on June 9. “However, we felt this decision […] Read more
JBS says it paid $11 million in ransomware attack
June 9 (Reuters) – Meatpacker JBS USA paid a ransom equivalent to $11 million (USD) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement on Wednesday. Workers at the JBS plant in Brooks, Alta. saw their shifts disrupted for two days following the late-May attack. The […] Read more
