REGINA — Farm organizations warn that Canada should be cautious about introducing carbon border adjustment mechanisms for agriculture. The mechanisms are a way to account for emissions contained in imported products. They aim to prevent carbon leakage by applying a levy to products if they don’t meet certain standards. The farm groups told the standing […] Read more
Tag Archives exports
Canola price weakens on supply forecast, trade tension
Canada had almost 3.1 million tonnes of canola in stocks at the end of the crop year, which was more than expected, and once all the disposition numbers have been tallied, it looks like the 2023-24 crop was bigger than the official estimate. Every year, concurrent with the release of the July 31 stocks report, […] Read more
Low Mississippi levels threaten exports
CHICAGO, Ill. (Reuters) — Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard said last week, just as the busiest U.S. grain export season gets underway. Low water levels are slowing export-bound barge shipments of grain and oilseeds from the Midwest […] Read more
Exports face threats, but commodity flow can be resilient
Farmers are waiting with bated breath to see what China does about Canada’s strangling tariffs on its manufacturers’ electrical vehicles. Farmers are hoping California’s proposed renewable diesel rules aren’t going to kill that enormous market for Canadian canola oil. These two developments couldn’t come at a worse time for the canola market. Prices are on […] Read more
U.S. plans to fix export reporting
CHICAGO, Ill. (Reuters) — The U.S. Department of Agriculture expects to roll out an upgraded system for its weekly export sales reporting program in late 2025. Exporters are required by law to report sales of U.S. agricultural commodities to the USDA’s Foreign Agricultural Service (FAS), which reports weekly export sales each Thursday. The reports are […] Read more
Russia sends Africa free food
REUTERS — Russia’s agriculture minister said late last month that Moscow had completed its initiative of shipping 200,000 tonnes of free grain to six African countries as promised by president Vladimir Putin in July. Russia shipped 50,000 tonnes each to Somalia and the Central African Republic and 25,000 tonnes each to Mali, Burkina Faso, Zimbabwe […] Read more
EU loosens rules for new genomic techniques
A recent decision by the European Parliament could open opportunities for crop development and international trade
SASKATOON — A European Parliament decision earlier this month to adopt new rules for what it calls new genomic techniques is good news for agriculture and international trade, say industry and academic experts. “Science has been under a very dark cloud for a long time in Europe, and so now I think we’re seeing those […] Read more
China may not save canola exports
Asian country goes on buying spree but it might not be enough to meet Canada’s marketing target
SASKATOON — Momentum is finally building in Canada’s canola export program. MarketsFarm analyst Mike Jubinville has heard reports that China recently purchased up to one million tonnes of the crop from a couple of grain companies for delivery in the March through May period. However, he doesn’t think the Asian giant’s spending spree will have […] Read more
Grain export surge keeps Vancouver port busy
Wheat accounted for 7.86 million tonnes, or nearly half, of the volume moved through the port in the first half of 2023
There was a huge surge in grain volumes moved through Port of Vancouver terminals in the first half of 2023. Exports more than doubled compared to the same period in 2022, with 16.36 million tonnes shipped, up from 7.94 million tonnes. “We’re very pleased that this happened,” said Victor Pang, interim president of the Vancouver […] Read more
Ag sector watches for fallout from India-Canada spat
The chief executive officer of a major Canadian pulse buyer and exporter said Sept. 21 he is closely watching political developments between Canada and India. Murad Al-Katib from AGT Foods told reporters in Regina that waiting and watching is about all the agriculture sector can do right now. He said geopolitical risks are a major […] Read more
