U.S. President Donald Trump will unveil a $12 billion aid package for American farmers affected by his trade policies on Monday, two White House officials said.
Food prices are 27 per cent higher now than they were in 2020, the new Canada’s Food Price Report shows. Meat prices are particularly to blame for the rise.
India’s government is considering guaranteeing Canada ongoing pulse crop sales so its farmers keep growing the vital protein source, Indian High Commissioner to Canada Dinesh Patnaik said during a visit to Saskatchewan.
Deere & Co forecast an annual profit below estimates on Wednesday, pressured by tariff impacts and weaker margins from its large tractors, sending the farm-equipment maker’s shares down nearly five per cent.
Canada and India are working to rebuild trade ties and explore new areas of cooperation after a two-year chill, with Ottawa keen to restart trade negotiations under “a new process”, Canadian Trade Minister Maninder Sidhu said on Thursday
Canada’s agriculture minister Heath MacDonald said in an interview on Monday his weeklong trip to China is evidence of bilateral relations beginning to thaw, something desperately needed by Canada’s farmers and canola exporters.
China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13 per cent tariff.
China’s most active Zhengzhou rapeseed (canola) meal futures posted their largest daily gain in nearly three months on Monday, after Canadian Prime Minister Mark Carney and Chinese President Xi Jinping met in South Korea last week without securing a breakthrough on tariffs.
Prime Minister Mark Carney agreed to visit China after meeting with President Xi Jinping on Friday, in an encounter that may have marked a turning point but offered no breakthroughs on trade.