Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational marijuana market for the second half of the year. Shares of the Nanaimo, B.C.-based company fell eight per cent after hours. Canada in October became […] Read more
Cannabis firm Tilray sees growth slowing
Packers win dismissal of U.S. pork price-fixing suits
Reuters — A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork to inflate prices and their own profits at the expense of consumers and other purchasers. Chief Judge John Tunheim of the federal court in Minneapolis said the plaintiffs failed to show […] Read more
Bayer, Elanco said aiming to reach animal health deal next week
Reuters — Germany’s Bayer and U.S. drug firm Elanco Animal Health aim to reach an agreement to combine their animal health businesses as soon as next week, Bloomberg reported Wednesday, citing people with knowledge of the matter. Elanco plans to pay for at least a part of the deal with its stock and any deal […] Read more
Sausage-loving Germans chew over meat tax plan
Berlin | Reuters — German lawmakers on Wednesday proposed raising the sales tax on meat to help protect the climate and improve animal welfare, kindling a debate in a country renowned for its love of sausages. Meat in Germany benefits from a reduced value added tax rate of seven per cent, and the idea is […] Read more
DuPont said considering sale of nutrition, biosciences unit
Reuters — Specialty chemicals maker DuPont is considering a sale of its nutrition and biosciences unit, Bloomberg reported on Tuesday, citing people familiar with the matter. The unit, which supplies everything from soy-based food ingredients to tablet binders, could be worth at least US$20 billion as a standalone entity, Bloomberg said. DuPont declined to comment […] Read more
U.S. to move BLM headquarters to Colorado
Reuters — The U.S. Bureau of Land Management will move its headquarters to Colorado from Washington, officials said on Tuesday, sparking ire from conservationists who said the decision would weaken the agency dedicated to managing the country’s vast public lands. The Department of Interior, which oversees BLM, announced the move in letters to key congressional […] Read more
USMCA dispute panel fix must be ‘across the board,’ Mexico says
Mexico City | Reuters — Mexico sees a push to close a dispute resolution loophole in the Canada-U.S.-Mexico trade deal as a way to protect its interests as well as helping satisfy demands by U.S. Democrats that the deal contain stricter labour measures, a senior official said on Thursday. Reuters reported last week that Mexico […] Read more
El Nino seen transitioning to neutral in next month or two
Reuters — The El Nino weather pattern is likely to transition into ENSO-neutral conditions in the next month or two, a U.S. government weather forecaster said on Thursday. “ENSO-neutral” refers to periods in which neither El Nino nor La Nina is present, according to the National Weather Service’s Climate Prediction Center (CPC). ENSO-neutral conditions are […] Read more
U.S. refiners urge EPA to keep biofuel waiver requests secret from USDA
Washington | Reuters — A law firm representing small U.S. refineries has urged the Environmental Protection Agency to keep refiners’ applications for waivers from the nation’s biofuel policy secret from the Department of Agriculture, arguing that the petitions include confidential business information. The request, made by Perkins Coie in a letter to the EPA dated […] Read more
FAO, OECD see swine fever in China among risks to food markets
Paris | Reuters — The spread of a deadly pig disease in China that has disrupted the world’s biggest pork market is one of the major risks to a well-supplied global agricultural sector, the FAO and OECD said on Monday. African swine fever was highlighted in the annual agricultural outlook for 2019-2028 from the Food […] Read more
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