Canadian farmers are facing a two-front trade war, with China’s tariffs on Canadian canola oil, canola meal and peas taking effect on Thursday and U.S. tariffs expected on additional Canadian products within two weeks.
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Canadian farmers face two-front trade war as China duties take effect
Federal government vows to crack down on spent fowl fraud
Chicken imported under false pretenses costs the Canadian sector millions, says Chicken Farmers of Canada
The Canadian Food Inspection Agency (CFIA) and Canada Border Services Agency (CBSA) will be working together to crack down on spent fowl fraud.
North American biofuels sector contracts amid trade and policy uncertainty
U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Donald Trump's approach to green fuel subsidies and the potential for a worsening trade war.
Protein Industries Canada to fund scale-up of domestic processing
A new pot of cash will help Canadian food processors reformulate products or create new goods for the domestic market in the face of trade uncertainty, Protein Industries Canada (PIC) announced Thursday.
Canada PM Carney to call for April 28 election on Sunday, Globe and Mail reports
Canadian Prime Minister Mark Carney is poised to call a snap federal election for April 28, the Globe and Mail reported on Thursday, citing sources.
Tariff threats called part of U.S. race with China
U.S. president’s actions are also seen as a possible negotiation tactic in upcoming Canada-U.S.-Mexico Agreement talks
Tariff threats against Canada and Mexico are part of a bigger struggle that the United States is in with China, says Christian Lawrence, a senior-cross asset strategist with Rabobank.
Proposed U.S. port fees on China-built ships choking coal, agriculture exports
U.S. agriculture exports face uncertainty due to proposed shipping fees, traders say
U.S. President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad.
Blois makes moves to reduce agri-food red tape
Statement may signal commitment to action, competitiveness says expert
Agriculture Minister Kody Blois says the Canadian Food Inspection Agency will begin to remove some regulatory burdens including harmonizing Canada’s bovine spongiform encephalopathy (BSE) enhanced feed ban with U.S. requirements, and speeding up approvals for animal feed ingredients to reduce tariff costs.
Crop merchant Louis Dreyfus posts drop in annual profit
Louis Dreyfus Company (LDC) on Wednesday reported a drop in annual profit, the latest global crop merchant to see earnings curbed by subdued prices last year in staple grains caused by ample harvests and easing demand in China.
U.S. grains: Chicago grains down on U.S.-Russia call, planting intentions
Chicago wheat futures traded both sides of unchanged on Tuesday, holding near a March high underpinned by concerns over U.S. crop conditions. Traders also awaited the outcome of a call between the leaders of the U.S. and Russia over the war in Ukraine.
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