Washington | Reuters –– A key U.S. senator said on Friday the Obama administration may have to renegotiate parts of a Pacific trade pact, heralding a tough battle to win support in Congress. The administration notified lawmakers Thursday it plans to sign the 12-nation Trans-Pacific Partnership, starting a countdown to a congressional vote that could […] Read more
White House may have to renegotiate on TPP, senator says
Canada to review TPP pact, seek public input
Ottawa | Reuters –– Canada’s new Liberal government will review a landmark Pacific trade deal negotiated by the outgoing Conservatives and wants public input on the accord, Trade Minister Chrystia Freeland said Thursday. Some Canadian dairy farmers and auto workers say their jobs could be threatened by the 12-nation Trans-Pacific Partnership, which seeks to cut […] Read more
Drought to shrivel Ukrainian wheat harvest in 2016
Kiev — Severe drought across half of Ukraine has hit winter sowing and could sharply reduce the country’s 2016 wheat harvest, a senior state weather forecaster said on Monday. The drought, in which the central Dnipropetrovsk region suffered its driest autumn in 50 years, could lead to a 20 per cent year-on-year fall in the wheat […] Read more
Algeria buys large quantity of durum
Reuters —Algeria’s state grains agency OAIC purchased about 350,000 tonnes of durum wheat for shipment in December and January likely to be sourced from Canada in a tender which closed on Thursday, European traders said on Monday. The average price paid was just below $330 per tonne, traders said, with one citing the price of […] Read more
Brazil’s JBS concludes acquisition of Cargill pork unit
Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more
#FreeBacon sizzles on social media
WHO review: Negative tweets outnumber positive ones by more than 6.5 to one
Bacon lovers took to social media on Tuesday to express disdain over a World Health Organization report that said processed meat is likely to cause cancer. The hashtags #FreeBacon, #Bacongeddon and #JeSuisBacon were among the top-trending topics worldwide on Twitter for a second straight day. Celebrities, politicians and ordinary consumers were reacting to Monday’s announcement […] Read more
CME to raise feeder cattle index weight requirements
Chicago | Reuters –– CME Group plans to increase the weight ranges for its feeder cattle index, which is associated with the feeder cattle futures contract, the exchange said in a statement on Tuesday. The amendment will become effective when the November 2016 contract is listed for trading on Nov. 20, after the expiration of […] Read more
Brazil’s JBS considering slew of acquisitions
Sao Paulo | Reuters –– JBS SA, the world’s largest meat packer, is ready to take on a slew of acquisitions next year, chairman Joesley Batista said Tuesday. The Brazilian company controls assets in the U.S., Canada, Australia and other countries. Batista, speaking on the sidelines of a telecommunications industry event in São Paulo, declined […] Read more
Indonesia’s president says country intends to join TPP
Washington | Reuters –– Indonesian President Joko Widodo, speaking after a meeting with U.S. President Barack Obama on Monday, said his country intends to join the Trans-Pacific Partnership trade deal the U.S. has forged with Canada and 10 other countries. “We are the largest economy in Southeast Asia,” Widodo said through a translator. “And Indonesia […] Read more
China to resume imports from U.S. pork plants
Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more
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