Canadian beef exports add at least $600 per head in value, compared to the domestic market, and numbers show that trade is accelerating. Deals like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership push down tariffs and open doors to high value markets like Japan. “There has been triple the volume of beef that has […] Read more
Tag Archives exports
Exports continue to drive beef markets
Canada set a record in export sales in 2017 at more than $2.4 billion in value, even though the country’s herd is shrinking
LONDON, Ont. — The beef sectors in Canada and the United States rely heavily on exports. Record amounts of beef are being exported for more money, which props up domestic prices. Canada set a record in export sales in 2017 at more than $2.4 billion in value, although the volume is not a record, said […] Read more
Pulse exports down, grain and oilseeds up
Canadian Grain Commission releases figures on agricultural exports for first half of 2017-18 crop year
The Canadian Grain Commission has released figures that shed new light on the pace of Canada’s agricultural exports in the first half of the 2017-18 crop year. Not surprisingly, the figures show a drastic reduction in exports of Canadian field peas and lentils. However, the pace of wheat and canola shipments — Western Canada’s two […] Read more
India pea duty slashes prices
Yellow pea prices have plunged in the wake of a dramatic policy change in India. The Indian government imposed a 50 percent import duty on peas last week without any prior warning of its intentions. Companies that are still bidding on peas have dropped their price to about $6 per bushel, down from $8 the […] Read more
Russia determined to boost grain export capacity by 50 percent
MOSCOW — Russia, which has shattered wheat harvest records three years running and is expanding production of other crops as well, aims to increase its grain export capacity by 50 percent to 7.5 million tonnes a month within three years. And its importance on world wheat markets is reflected in the CME Group’s announcement Nov. […] Read more
Surprise Indian duty on peas leaves Canada scrambling
WINNIPEG — The Canadian pea industry was shocked this morning to wake up to a notice from India declaring a 50 percent tax on pea imports to the country. “This sort of moves us beyond even where India has been before in pulse import duties.… More than a decade ago we were at 10 percent. […] Read more
India slaps duty on peas, wheat
India’s government has imposed a 50 percent duty on peas and a 20 percent duty on wheat. Pulse prices in India are suffering because of a bumper harvest of all crops in 2016-17 and a good summer crop in the current crop year. The country also still has substantial supplies of imported pulses. The Times […] Read more
‘Buy local’ trips up honey producers
In 2014, the price of Canadian honey was basically the same as U.S. honey. A U.S. Department of Agriculture national honey report from February 2014 said Canadian beekeepers received US$2.12 per pound for their honey and North Dakota beekeepers received $2.11 per lb. That parity is over. There is now a massive price gap between […] Read more
Canadian pork satisfies Japanese appetites
TOKYO, Japan — Japan’s imports of Canadian pork are rising, said Tatsuo Iwama, ex-executive director for the Japan Meat Traders Association, which comprises 30 major Japanese meat traders. “Canadian pork meets Japan’s quality and price requirements,” Iwama said. Japan Ministry of Finance figures bear Iwama out. Imports of Canadian pork rose almost 20 percent last […] Read more
EU and Canada settle cattle battle at the WTO
GENEVA, Oct 3 (Reuters) – The European Union and Canada have ended a 21-year dispute over hormone-treated meat after negotiating a wider trade agreement, they said in a filing published by the World Trade Organization on Tuesday. The settlement of the dispute at the WTO, which began in 1996, was facilitated by a liberalisation of […] Read more
