Reading Time: 2 minutes Mexico City | Reuters — Mexico and the United States aim to reach an agreement in January over a pending Mexican ban on imports of genetically modified (GM) corn, the Mexican foreign ministry said on Friday after officials from the two countries held talks in Washington. In a statement, the ministry said talks would continue […] Read more
Mexico says it aims for agreement with U.S. on GM corn in January
U.S. officials threatening action under CUSMA pact
Ford hikes price of cheapest F-150 electric truck variant
Reading Time: < 1 minute Reuters — Ford Motor Co. has raised the price of the cheapest variant of its F-150 Lightning electric truck by nine per cent, to US$55,974, the company’s website showed on Thursday. The automaker has raised prices for its electric pickup trucks twice in a span of three months, as it navigates higher costs and supply […] Read more
Commodity merchant Louis Dreyfus creates food solutions unit
Company to draw on existing oilseeds processing portfolio
Reading Time: < 1 minute Paris | Reuters — Agricultural commodity merchant Louis Dreyfus Co. (LDC) has created a food and feed solutions business line as part of efforts to diversify its activities in step with consumer trends, the company said on Tuesday. The new unit will focus on developing LDC’s presence in the lecithin, glycerine and specialty feed protein […] Read more
Suncor to keep its Petro-Canada retail fuel business
Reading Time: 2 minutes Reuters — Suncor Energy on Tuesday said it will retain its Petro-Canada gas station retail business following a review the company initiated earlier this year under pressure from activist investor Elliott Investment Management. Suncor replaced its CEO in July and agreed to review its retail fuel unit by the end of this year after Elliott […] Read more
Cargill names new CEO
Former proteins boss to lead firm
Reading Time: < 1 minute Reuters — Cargill Inc. said on Monday Brian Sikes will take over as the global commodities trader’s new president and CEO effective Jan. 1. Sikes will succeed Dave MacLennan, who has served as Cargill’s CEO and chairman since 2013. MacLennan will now assume the role of executive chair of Cargill’s board of directors and will […] Read more
At least 12 killed in Nigeria attack over farmland
Gunmen appear in village in north
Reading Time: < 1 minute Abuja | Reuters — Gunmen have killed at least 12 people in an attack on a village in the northern Nigerian state of Plateau, residents and the state governor said on Wednesday, the latest deadly incident fuelled by growing pressure on land resources in the country. Violence between farmers and pastoralists has become increasingly common […] Read more
Reasons for optimism seen on renewal for Ukraine grain deal
Deal set to roll over on Saturday
Reading Time: 2 minutes Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
Ukrainian farmers turn to U.N.-supplied grain sleeves for storage
'Last year's harvest still hasn't been sold'
Reading Time: 2 minutes Kyiv | Reuters — On a crisp and sunny November morning, Ukrainian farmers lined up to collect U.N.-supplied grain sleeves to store crops over winter as the country faces a significant shortage of storing capacity caused by Russian shelling. Ukraine has said it may lack up to 15 million tonnes of regular grain storage capacity […] Read more
Meatpacker JBS’s plunging profit beats forecasts
Reading Time: < 1 minute Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat producer, on Thursday said quarterly profit plunged 47.1 per cent, but results still beat analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division. The company posted a third-quarter net profit of 4.01 billion reais (C$1.001 billion), while analysts […] Read more
Competition Bureau to probe soaring food prices
Retail food prices seen outpacing inflation
Reading Time: 2 minutes Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4 per cent in September, […] Read more
A message from April Stewart, Country Guide's Associate Editor
