Reading Time: 2 minutes Moscow/Hamburg | Reuters — Russia’s agriculture ministry will set up a new grain exporters’ union to better understand the needs of the market, it said on Monday after its routine meeting with local grain traders. Traders interpreted it as a result of the close attention with which Russian officials have been monitoring how big exporters […] Read more
Russia’s ag ministry to set up new grain exporters’ union
CP grain train ‘began to move on its own’ before fatal derailment
Reading Time: 2 minutes Winnipeg | Reuters — A Canadian Pacific Railway train was parked for a change of crew when it unexpectedly rolled down a steep embankment and derailed in British Columbia’s Rocky Mountains on Monday, killing three crew members, a transport regulator said. The train, hauling 112 cars of grain, was parked for two hours at the […] Read more
Biofuels group suing U.S. EPA over small refinery exemptions
Reading Time: 1 minute Washington | Reuters — Biofuels group Growth Energy filed a federal lawsuit against the U.S. Environmental Protection Agency on Monday, challenging the agency’s renewable fuel mandate for 2019 as failing to address rising waived biofuel volumes. “EPA’s inaction on addressing lost gallons due to small refinery exemptions in this rulemaking is a clear violation of […] Read more
Three crew die in CP grain train derailment
Reading Time: 2 minutes Toronto | Reuters — Three crew members died on Monday when a Canadian Pacific Railway grain train derailed in British Columbia, a Transportation Safety Board (TSB) spokesman said. The accident occurred when a train carrying 40 to 60 grain hopper cars derailed near Field, B.C., the TSB spokesman said. TSB is investigating the cause of […] Read more
EU adopts post-Brexit import quotas for farm produce
Reading Time: 2 minutes Brussels | Reuters — The European Union on Monday adopted quotas for farming produce it will accept from third countries after Britain leaves the bloc and acknowledged this could happen before it has concluded talks with them on the subject. The EU has in place a series of tariff rate quotas, allowing agricultural producers such […] Read more
Margarita Louis-Dreyfus seals share buyout
Reading Time: 2 minutes Paris | Reuters –– Margarita Louis-Dreyfus has completed a purchase of minority shares in agricultural commodity trader Louis Dreyfus Company, ending a long-running tussle with other family members. The buyout was completed on Jan. 25 and increased the stake of Margarita Louis-Dreyfus’ Akira trust to 96.2 per cent of Louis Dreyfus Company Holdings B.V., she […] Read more
France’s glyphosate exit seen 80 per cent complete by 2021
Reading Time: < 1 minute Paris | Reuters — France expects to have cut the use of glyphosate herbicide by 80 per cent by early 2021, its agriculture minister said on Friday, less than previously anticipated due to the number of farmers who will qualify for an exemption. In November 2017, President Emmanuel Macron pledged to ban glyphosate in France […] Read more
U.S. firm launches second hostile bid for pot producer Aphria
Reading Time: 2 minutes Reuters — U.S. cannabis retailer Green Growth Brands said on Tuesday it would make a second all-stock takeover bid for Aphria, valuing the Canadian pot producer at about $2.35 billion. Several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector after the country legalized recreational use […] Read more
USDA to reopen all farm agency offices
Reading Time: < 1 minute Washington | Reuters — The U.S. Department of Agriculture said Tuesday it will reopen all Farm Service Agency offices on Thursday to offer services to farmers and ranchers during the partial government shutdown. Some Farm Service Agency (FSA) offices had been providing limited services since Jan. 17, but the move means all of the agency’s […] Read more
Bunge names acting CEO, cuts 2018 guidance
Reading Time: 2 minutes Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more
A message from April Stewart, Country Guide's Associate Editor
