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Russia has maintained its official grain harvest forecast for this year at 132 million metric tons despite adverse weather conditions across many grain-producing regions, said Deputy Prime Minister Dmitry Patrushev, who oversees the agriculture sector.
Performance Plants Inc. (PPI) is getting a multi-year federal funding boost through the AgriScience Program – Projects Component. Over four years, the agricultural biotechnology developer will receive $2,325,361 to develop a high-yielding, climate change-resistant soybean and enable field testing.
After a long struggle with cancer, Mark Kihn, the former owner and publisher of the Charolais Banner, has died. Outside the beef industry, Kihn is likely best known for his work fundraising for Stephen Harper, rustling up over $3.5 million for Harper’s two leadership campaigns.
Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).
The Canadian National Railway line through Jasper, Alta,. is open, but trains are moving slowly due to the wildfire that destroyed a significant part of the community this week. The implications for grain movement are unknown, but unloads are already down at the port of Vancouver.
Grocery giant Loblaw (Loblaw Companies Limited) and parent company George Weston Limited announced yesterday a $500 million settlement had been reached concerning their involvement in a bread price-fixing scandal.
The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.