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Food

(DavesKillerBread.com)
Crops

Flatbread firm FGF buys Weston Foods bakery business

Weston selling to focus on retail, real estate

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Reading Time: 2 minutes The parent company for Canadian grocery and retail giant Loblaw is taking a major step out of the baked goods business. George Weston Ltd. announced Oct. 26 it would sell its Weston Foods fresh and frozen bakery businesses to an arm of Toronto-based bakery firm FGF Brands for $1.2 billion. The company expects to close […] Read more
Photo: iStock/Getty Images
Markets, Reuters

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

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Reading Time: 2 minutes Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more
File photo of a container vessel being unloaded at a U.K. port. (Sterling750/iStock/Getty Images)
General, Markets, Reuters, Sheep/Goats

Britain, New Zealand strike free trade deal

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Reading Time: 2 minutes London/Wellington | Reuters — Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in a broader trans-Pacific trade agreement. Prime ministers Boris Johnson and Jacinda Ardern sealed the deal in a Zoom call on Wednesday […] Read more
File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)
Crops, Markets, Reuters

‘Containergeddon’ drives sugar, rice shippers back to bulk vessels

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Reading Time: 2 minutes New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping […] Read more
Since 2019, Ontario’s Fair Finance Fund has invested $850,000 in farms, food and beverage processors, restaurants and others, resulting in more than $3 million in increased local food sales.
Guide Business

Social financing

Here’s a financing model that is pumping real dollars into strengthening the farms and businesses that supply Canada’s sustainable local food

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Reading Time: 5 minutes Climate change and the pandemic are turning more investors’ minds — and their money too — toward building resilient food supply chains across Canada, according to two experts in social financing.  “There are more and more people who recognize that local, social financing is a bit of a vaccination against what’s happening with the global […] Read more
(Dave Bedard photo)
Barley, Crops

Canada’s small, high-protein malt barley crop poses challenges

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Reading Time: 2 minutes MarketsFarm — The hot and dry 2021 growing season cut significantly into Canada’s barley production, with the weather also leading to higher protein levels for what was harvested. “It will be an extremely tight and difficult year for the malt processors and ultimately for the brewers as well,” said Peter Watts, managing director of the […] Read more
(Dave Bedard photo)
Crops, Machinery, Reuters, Weather

White House not ruling out a U.S. carbon tax

Option 'not off the table' despite Manchin comment

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Reading Time: 3 minutes Washington | Reuters –– The White House on Tuesday said it has not ruled out a carbon tax as a possible option for fighting climate change, even though U.S. Senator Joe Manchin, a critical holdout in the closely divided Senate, said he was not discussing the topic in talks about U.S. spending and infrastructure bills. […] Read more
File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)
Crops, Reuters

More acres seen needed worldwide to meet mounting crops demand

U.S. acres may have already hit ceiling: AgResource chief

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Reading Time: 2 minutes Geneva | Reuters — Farmers need more space to grow crops to meet mounting demand for food and renewable fuel at a time of slowing growth in yields, consultancy AgResource said on Tuesday. A renewable fuel push under U.S. President Joe Biden’s climate agenda is set to trigger a boom in soyoil use, reinforcing a […] Read more
A City of Iqaluit worker fills a water truck at the Sylvia Grinnell River after authorities ordered the Nunavut capital’s 7,000 residents not to drink the city’s water due to suspected fuel contamination, on Oct. 14, 2021. (Photo: Reuters/Casey Lessard)
General, Reuters

Iqaluit confirms ‘exceedingly high levels’ of fuel in water supply

Water not safe for cooking or drinking, city says

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Reading Time: 2 minutes Reuters –– The Canadian city of Iqaluit said lab results confirmed that fuel had entered its water supply, officials announced Friday. Analysis of samples from one of the city’s water tanks found “exceedingly high levels of various fuel components,” Amy Elgersma, Iqaluit’s chief administrative officer, said, adding it was likely diesel or kerosene. Residents in […] Read more
Rejean Nadeau. (Photo courtesy Olymel)
Hogs, Livestock, Poultry/Eggs

Olymel CEO dies of ‘sudden’ cancer

Rejean Nadeau died Thursday at 71

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Reading Time: 2 minutes The CEO of Canadian pork and poultry packer Olymel has died of a “sudden and virulent cancer” at age 71, his company reported Friday morning. Rejean Nadeau, the CEO of Sollio Co-operative’s meatpacking and processing arm since 1996, died Thursday at his home at Rougemont, Que., about 25 km south of St-Hyacinthe, Olymel said in […] Read more

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