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).
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Global shipping costs could ease as congestion improves: FCC economist
CFIA launches consultation on labeling of plant-based egg alternatives
The Canadian Food Inspection Agency (CFIA) has begun a 90-day consultation on how to label and represent plant-based egg alternatives.
Jasper fires force trains to go slow
CN has resumed service but at a reduced speed through the area
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.
Loblaw and parent company to pay out $500 million in bread price fixing settlement
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.
Bank of Canada cuts rates, sees weaker economy in 2024
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.
Federal government pledges $8.6 million to Dairy Farmers of Canada
Dairy Farmers of Canada (DFC) will receive up to $5 million over five years to “advance sustainability and public trust, leveraging the proAction quality assurance program,” a federal news release said, and up to $3.57 million over five years to strengthen its DairyTrace cattle traceability system.
Bunge, Viterra $34 bln deal heading for conditional EU nod, source says
U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct knowledge of the matter said on Wednesday.
Grain commission cancels LSM licence
The Canadian Grain Commission has revoked the licence of LSM Commodities. In a phone message to the Western Producer, a commission spokesperson said the licence was revoked as of 12:01 a.m. July 23.
US targets nitrous oxide in new phase of climate strategy
The Biden administration on Tuesday announced it would seek to curb U.S. emissions of powerful industrial greenhouse gases such as nitrous oxide as it enters a new phase in the national strategy to fight climate change under the Paris agreement.
US, Canadian pot firms eye Germany for growth as market stagnates at home
North American cannabis firms, facing prohibitive laws, an overcrowded market and a deeply entrenched illicit sector at home are ramping up investments in Germany after the country partly legalized marijuana use.
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