Reading Time: < 1 minute Reuters — Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal by Moscow for an alternative to the Black Sea grain deal when they meet this week, Lavrov’s ministry said Wednesday. Under the plan, Russia would send a million tons of grain to Turkey at a discounted price, with financial […] Read more
Russia says will have talks with Turkey about alternative to Black Sea deal
Plan calls for Qatar's support to move Russian grain
Canada says will join as third party in U.S.-Mexico corn dispute
Mexico's measures 'not scientifically supported,' ministers say
Reading Time: < 1 minute Reuters — Canada said Friday it will participate as a third party in dispute settlement proceedings between the U.S. and Mexico regarding genetically modified (GM) corn in imported tortillas and dough, citing concerns about Mexico’s stance on the matter. The decision follows Washington’s request for a dispute settlement panel through the Canada-U.S.-Mexico Agreement (CUSMA), which […] Read more
Ukraine asks Lebanon to bar Syrian ship carrying ‘stolen’ corn
Corn taken from multiple storage units, Ukraine alleges
Reading Time: 2 minutes Beirut | Reuters — Ukrainian officials on Thursday asked Lebanon to bar a Syrian state-owned cargo ship carrying allegedly stolen Ukrainian grain from docking in Lebanon’s Tripoli port, according to the Ukrainian embassy and a diplomatic note seen by Reuters. The Ukrainian mission said in comments to Reuters that the Finikia was transporting 6,000 metric […] Read more
Subway reportedly nears sale to Arby’s owner
Chain's parent firm considering sale since February
Reading Time: 2 minutes Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$9.6 billion, the Wall Street Journal reported Monday. A deal could be finalized this week, the report said, citing people familiar with the matter. “Subway does not intend to make any […] Read more
India’s Mahindra aims to double tractor exports with new platform
Oja line to be introduced in North America
Reading Time: < 1 minute Mumbai | Reuters — India’s largest tractor maker, Mahindra and Mahindra, launched a new platform to manufacture lightweight tractors on Tuesday, which would enable the company to double its exports within three years, a senior company official told Reuters. The new platform, named Oja, was developed in collaboration with India’s Mahindra Research Valley and Japan’s […] Read more
JBS posts quarterly loss on tight U.S. beef margins
'Greater balance' forecasted for global chicken supply
Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the […] Read more
Corteva cuts sales forecast on weak demand for crop protection products
Net seed sales rose eight per cent from a year ago, aided by strong prices and increased corn acres
Reading Time: < 1 minute Reuters – Agricultural chemical and seed company Corteva CTVA.N cut its annual sales expectations as demand for its crop protection products showed signs of contraction. Rise in carrying cost of stock for distributors driven by higher interest rates and improved product availability have taken a toll on demand for crop protection products such as herbicide […] Read more
Nutrien to pause potash ramp up, ammonia project on falling prices
Potash prices have eased after the resumption of shipments from major supplier Belarus
Reading Time: < 1 minute Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to […] Read more
Strike’s impact on grain movement yet to come
Port workers union, employers reached a tentative agreement Monday morning but backlog likely to linger
Reading Time: 3 minutes MarketsFarm, Reuters – Despite grain movement at Canada’s West Coast ports not being really affected by the British Columbia port workers strike in July, there’s a good chance for issues to arise in the coming months, according to Mark Hemmes, president of Quorum Corp. “The volume of grain that moved in the last three weeks […] Read more
Ukraine says Russia threatened civilian vessels in second week without grain deal
Ukraine has harvested 11.2 million tons of its 2023 grain crop
Reading Time: 2 minutes Kyiv | Reuters – A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international community to condemn what he said were “the methods of terrorists”. Russia last week quit a U.N.-brokered deal allowing Ukraine, a major global grain producer, to safely export its grain via […] Read more
A message from April Stewart, Country Guide's Associate Editor
