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Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters

Moscow retaliates against sanctions with export bans

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Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response […] Read more
(PortMetroVancouver.com)
Crops, Reuters

Canada shuts ports to Russian ships over Ukraine invasion

Russian firms' Canadian holdings also under scrutiny, Freeland warns

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Toronto | Reuters — Canada ratcheted up pressure on Russia for its invasion of Ukraine by shutting ports to Russian-owned ships and saying on Tuesday that holdings of all Russian oligarchs and companies in the country are under review. Canada has announced a slew of measures to isolate Russia, including imposing sanctions on Russian President […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
General, Markets, Reuters

EU predicts pain for farmers, consumers from Ukraine crisis

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Brussels | Reuters — Russia’s invasion of Ukraine and EU sanctions on Moscow will prove painful for farmers, consumers, fertilizer makers and exporters of farm products, the European Commission warned on Monday. Michael Scannell, deputy director-general of the Commission’s agriculture division, said grain buyers should brace for higher prices given that Russia and Ukraine made […] Read more
(Dave Bedard photo)
Crops, Markets

Adjustments minor in latest AAFC crop balance sheets

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MarketsFarm — Only minor adjustments to the old- and new-crop balance sheets were reported by Agriculture and Agri-Food Canada in their February supply/demand report, released Friday. New-crop production estimates were left unchanged for all of the major grains, oilseeds and pulses, with a return to average yields across the Prairies expected to lead to increased […] Read more
A 2018 aerial view of Pipeline Foods’ grain elevator at Gull Lake in southwestern Saskatchewan. (Pipeline Foods video screengrab via YouTube)
Crops

Bankrupt organic firm’s Prairie growers to be paid

CGC to issue compensation

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Over four dozen Prairie grain growers who supplied a Minneapolis firm specializing in organic and non-GMO grains will get paid in full, the Canadian Grain Commission says. The CGC on Tuesday announced the results of its review of producer claims in the wake of last July’s bankruptcy filing by Pipeline Foods, whose footprint in Canada […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC adjusts grain, oilseed balance sheets slightly

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MarketsFarm –– Updated supply and demand tables from Agriculture and Agri-Food Canada (AAFC), released late Friday, included only minor adjustments to balance sheets for the country’s major crops. The department’s projected ending stocks for wheat and canola were left unchanged from the previous month. Factoring in the official estimates from Statistics Canada, released Dec. 3, […] Read more
(Xinzheng/Getty Images)
General, Reuters

New China import rules bring headaches for food, beverage makers

Cooking oil, milled grains among foods moved to higher-risk categories

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Beijing | Reuters — Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to enter the giant market as a Jan. 1 deadline looms. China’s customs authority published new food safety rules in April stipulating […] Read more

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