(Alfio Manciagli/iStock/Getty Images)

Australia nears breakthrough canola deal with China, sources say

Phytosanitary rules have restricted Australia’s canola exports to China

Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.





Increased exports from Argentina and Australia and fund selling have been the primary drivers of the decline in wheat prices during the past month.  |  File photo

Southern Hemisphere pressures wheat market

Increased wheat production in Argentina and Australia is expected to make 9.15 million more tonnes available for export

The wheat market continues to struggle, despite some positive news from the Black Sea region. Russia has announced a large drop in its wheat export potential by reducing the February through June export limit to 11 million tonnes. This is down 18 million tonnes from last year during the same period. The Russian government also […] Read more


Analysts estimate that farmers in the state of South Australia will harvest 428,000 tonnes of red
lentils this year, which is half of the 860,000 tonnes that the country’s federal agricultural agency is
forecasting. | FILE PHOTO

Australia’s red lentils run into trouble amid dry conditions

The country farmers have produced large harvests over the last two years and are Canada’s main competitors for the crop

SASKATOON — Canada’s top competitor in the red lentil export market is experiencing problems. AgPulse Analytica is reporting that the crop is in trouble in two key states of Australia — South Australia and Victoria. Primary Industries and Regions South Australia (PIRSA) estimates farmers in that state will harvest 428,000 tonnes of the crop. That […] Read more

Australia is flush with cattle after four mostly wet years and has trouble-free trade access to the United States, Japan and South Korea. | Reuters/Tracey Nearmy photo

Australia cashes in as U.S. cattle herd shrinks

A slump in U.S. beef production results in record Australian meat exports and big bucks for processors and producers

COOMA, Australia (Reuters) — In a refrigerated room, around two dozen employees in hats, gloves and blue plastic aprons carve and pack carcasses into boxes within minutes of their slaughter. The Monbeef slaughterhouse, owned by Bindaree Food Group and located about 100 kilometres south of Canberra, Australia, processes approximately 200 cattle a day, up from […] Read more

Wheat competition: Wheat prices fell for most of the world’s largest exporters during the last month, according to the U.S. Department of Agriculture. Canada’s prices are now in the middle of the pack after leading the way for about eight months. |  Source: International Grains Council and USDA

Price slip increases wheat’s competitiveness

Canadian wheat prices had been the highest among major exporters, but they have now dropped to the middle of the pack SASKATOON — Canada’s wheat prices have become more competitive of late, according to the U.S. Department of Agriculture. They were the highest of all the major exporters from November 2023 through June 2024, but […] Read more


The Australian government’s decision to make its grocery code of conduct mandatory comes after a report found that the current code was “failing to address the imbalance of bargaining power between supermarkets and their suppliers, including farmers.”  |  File photo

Australia set to make grocery code mandatory

Code of conduct for supermarket chains had been voluntary, but government worried suppliers weren’t protected enough

SYDNEY (Reuters) — Australia could impose billion-dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said late last month as it seeks to address concerns that suppliers have been unfairly squeezed on pricing. Grocers with more than US$3.3 billion in annual revenue — currently Woolworths, […] Read more

Australia’s loss could be Canada’s gain in the world’s largest barley market. | File photo

Canadian barley has opportunity in China

SASKATOON — Canadian barley growers might have a window of opportunity to regain some lost market share in China, says an analyst. The U.S. Department of Agriculture is forecasting that Australia will export six million tonnes of the cereal crop in 2024-25. That is down from seven million tonnes last year and more than eight […] Read more