Daily Network News

More News →

Food

(Lauri Patterson/E+/Getty Images)
Dairy Cattle, Livestock, Reuters

U.S. seeks another CUSMA dispute panel on Canadian dairy quotas

Canada announced revised policies last week

By
Reading Time: 2 minutes Ottawa | Reuters — The Biden administration is requesting that a second dispute settlement panel be formed under the Canada-U.S.-Mexico Agreement (CUSMA) to review a trade dispute with Canada over dairy import quotas, it said on Wednesday. The U.S. alleges that Canada’s dairy tariff-rate quota allocations deny eligible U.S. applicants, including retailers, access to Canadian […] Read more
Workers fill jerrycans with cooking oil at a distribution station in Jakarta, Indonesia on May 20, 2022. (Photo: Reuters/Willy Kurniawan)
Crops, Markets, Reuters

Food crisis fuels fears of protectionism compounding shortages

By ,
Reading Time: 3 minutes Davos | Reuters — A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said. In a sign of the escalating squeeze on food supplies and rising prices, a government […] Read more
(DimaSobko/iStock/Getty Images)
Dairy Cattle, Livestock, Reuters

Canadian retailers impose limits on baby formula purchases

Canada not as hard hit by shortage as U.S.

By
Reading Time: 2 minutes Toronto | Reuters — Many Canadian retailers have imposed limits on the amount of baby formula customers can buy amid a shortage following Abbott Laboratories’ February production suspension in the United States, an industry spokesperson said on Wednesday. Canada has not been as hard hit by the shortage caused by the suspension at the Abbott […] Read more
A hemp plant in Alberta. (Jennifer Blair photo)
Crops

Regulations, versatility pull hemp in different directions in West

Crop 'still struggling with reaching its full potential'

By
Reading Time: 3 minutes MarketsFarm — Accounting for 60 per cent of Canada’s 1,100 cultivation licenses as of 2020, according to Health Canada, Western Canada is the country’s most important region when it comes to hemp production. But while there are more products on store shelves, more cultivars than ever before and high prices for the crop, demand for […] Read more
A sign with McDonald’s golden-arches logo is on display near one of the chain’s restaurants in Moscow on May 16, 2022. (Photo: Reuters/Evgenia Novozhenina)
General, Markets, Reuters

Golden arches to go dark in Russia as McDonald’s exits after 30 years

Russia, Ukraine form nine per cent of chain's revenue

By
Reading Time: 2 minutes Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants […] Read more
(DimaSobko/iStock/Getty Images)
Dairy Cattle, Livestock, Reuters

U.S. eyes baby formula imports amid nationwide shortage

About 40 per cent of formula products out of stock in U.S.

By ,
Reading Time: 2 minutes Washington | Reuters — U.S. health regulators will announce action on baby formula imports as soon as Monday to address a nationwide shortage that has left parents scrambling to feed their babies, the Food and Drug Administration’s chief said. FDA commissioner Robert Califf provided no details, but President Joe Biden said last week he was […] Read more
(DimaSobko/iStock/Getty Images)
Dairy Cattle, Livestock, Reuters

Major U.S. retailers limit infant formula purchases on shortage

By
Reading Time: 2 minutes Reuters — U.S. retailers including Target, CVS and Walgreens Boots Alliance said on Tuesday they have limited purchases of infant formula due to a supply shortage. The limits come after top supplier Abbott Laboratories in February recalled some baby formula including Similac made at its plant in Michigan over complaints of bacterial infections in infants […] Read more
Canada’s Prime Minister Justin Trudeau walks with Ukraine’s President Volodymyr Zelenskiy in Kyiv on May 8, 2022. (PMO photo by Adam Scotti via Reuters)
Crops, Markets, Reuters

Trudeau pledges help for Ukraine to find options to export grain

Turkey's co-operation seen as important, Joly says

By
Reading Time: 2 minutes Kyiv | Reuters — Canada will help Ukraine work out options on how to export stored grain to address global food security that has been shaken by Russia’s invasion of the country, Prime Minister Justin Trudeau said late on Sunday. Nearly 25 million tonnes of grains are stuck in Ukraine, unable to leave the country […] Read more
Cargo ships are docked in Ukraine’s Black Sea port of Odesa on Nov. 4, 2016. (File photo: Reuters/Valentyn Ogirenko)
Crops, Markets, Reuters

Ukraine calls for moves to unblock ports, prevent global food crisis

Russia has mounted a blockade of Ukrainian ports

By
Reading Time: 2 minutes Kyiv | Reuters — Ukraine’s president called on the international community on Monday to take immediate steps to end a Russian blockade of his country’s ports to allow wheat exports and prevent a global food crisis. President Volodymyr Zelenskiy made his comments in an online post after speaking to European Council President Charles Michel, who […] Read more

Latest Market News

More Market News →