Wheat suppliers boycott the state tender after a Bunge shipment was rejected, despite meeting the ergot threshold
ABU DHABI/CAIRO (Reuters) — Rattled by stringent new import rules, Egypt’s wheat suppliers boycotted en masse a state tender Feb. 2. The move pushed the world’s biggest purchaser of the commodity toward a crisis that could threaten its strategic grain reserves. Wheat supplies, which are critical to a bread subsidy program that feeds tens of […] Read moreNews
Egypt’s wheat import rules could spark crisis
Sask. livestock research centre fraught with complications
SASKATOON — The push is on to build the new Saskatchewan Livestock and Forage Centre of Excellence before construction funding expires. However, there is still uncertainty about where one of the facilities will go and what will happen to the existing research operation at the Termuende farm near Lanigan. The $25 million centre was announced […] Read more
Weak loonie helps Saputo increase profit
(Reuters) — Saputo Inc. has reported higher than expected adjusted earnings, helped by weakness in the Canadian dollar. Adjusted net income rose 13.5 percent to $175.4 million, or 44 cents a share, for the company’s fiscal third quarter. Revenue during the quarter, which ended Dec. 31, rose 2.8 percent to $2.9 billion. Analysts were expecting […] Read more
Former Sask Pool CEO dies
Former Saskatchewan Wheat Pool chief executive officer Ira Mumford has died at age 96. Mumford, who grew up near Mortlach, Sask., worked his way from the bottom to the top of the grain company, beginning in 1938 until his retirement in 1981. His employment was interrupted by his five-year service in the Second World War. […] Read more
Asset protection: reorganization can reduce risk to farm, family
The structure of your farming business could be exposing you to unnecessary risk. Here are some suggestions to help limit asset exposure and protect yourself against claims for debt, damages, accidents or injury. Being proactive is key because steps taken to protect your assets must be done before concerns develop with creditors. Proprietorship There are […] Read more
Food prices fuel Turkish inflation
An inefficient agricultural industry is blamed for prices that are much higher than what most of the rest of the world pays
ISTANBUL, Turkey (Reuters) — Standing amid a jumble of food stalls in an Istanbul market, 61-year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Inflation has become Turkey’s biggest economic challenge, hitting the pockets of ordinary people even as president Tayyip […] Read moreBayer to fight insecticide order
CHICAGO, Ill. (Reuters) — The agricultural unit of German chemicals company Bayer said it will fight a United States Environmental Protection Agency request to pull one of its insecticides from the marketplace amid concerns that it could harm organisms in streams and ponds. Bayer CropScience will instead ask for an administrative law hearing from the […] Read more
India stands pat on GM
NEW DELHI, India (Reuters) — India needs more data before deciding whether to permit commercial growing of its first genetically modified food crop, its environment minister said, but indicated it would not stand “in the way of science” despite protests. Prakash Javadekar said the evaluation process would continue before the country moves ahead with the […] Read more
Bird flu crisis expected to inflate foie gras bill
The outbreak in France will halt output of the delicacy for four months as the government trys to contain the disease
PARIS, France (Reuters) — French foie gras lovers will have to pay more for the delicacy this year due to the recent bird flu outbreak in southwestern France that will halt output for four months, producers said. France’s favourite festive season treat has been hit by the government decision to freeze duck and geese farming […] Read morePulse processor expects a durum renaissance
The company that played a major role in building Canada’s thriving pulse industry is turning its attention to a cereal crop. “We’re going to see a durum story unfolding like we saw in the lentil story,” said Murad Al-Katib, president of AGT Food and Ingredients. AGT acquired Mobil Capital Holdings in October for $57.5 million, […] Read more
