Reading Time: < 1 minute MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more
Pulse weekly outlook: India’s tariff elimination has little effect on Canada
JBS Canada plant up and running after cyberattack
Brooks beef plant has 'resumed production'
Reading Time: 3 minutes Meat packer JBS’s major beef slaughter plant in Alberta went back to work Tuesday following a cyberattack reported to have downed several of the company’s operations in North America and Australia. JBS USA, the unit overseeing the Brazilian firm’s Canadian operations, and JBS-owned chicken unit Pilgrim’s Pride both reported “significant progress in resolving the cyberattack […] Read more
Trans-Pacific trade partners agree for U.K. to start joining process
Reading Time: < 1 minute Tokyo | Reuters — Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday officially agreed to allow the United Kingdom to start the process of joining the pact, Japan’s economy minister said. Japanese Economy Minister Yasutoshi Nishimura told reporters he welcomed the start of Britain’s joining process after hosting an […] Read more
Ransomware attack on JBS halts Canadian, U.S. slaughter
Cyberattack likely from Russia, White House says
Reading Time: 4 minutes Chicago/Aboard Air Force One | Reuters — Brazil’s JBS SA told the U.S. government that a ransomware attack on the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on Tuesday. JBS is the world’s largest meatpacker and the cyberattack […] Read more
Feed weekly outlook: Canada’s barley exports show no signs of slowing
Reading Time: < 1 minute MarketsFarm — Tight Canadian barley supplies, due in part to surging export demand, have kept feed grain bids well supported in the Prairies over the past few months. The cupboards, however, are not quite bare, with weekly Canadian barley exports hitting their second-highest level of the crop-year-to-date. Canada exported 175,500 tonnes of barley during the […] Read more
StatsCan shows 2020 farm income up significantly
Farm cash receipts were up more than expenses
Reading Time: 4 minutes Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion, […] Read more
OIE ruling turns page on BSE in Canada
Canada's BSE status upgraded to 'negligible risk'
Reading Time: 5 minutes The international body overseeing countries’ animal disease control measures has assigned Canada the lowest level of risk for bovine spongiform encephalopathy (BSE) — a move which stands to help clear away lingering trade barriers against Canadian beef. The World Organization for Animal Health (OIE) on Thursday announced it has delivered “negligible risk” status for BSE […] Read more
U.S. requests CUSMA dispute panel on Canadian dairy quotas
TRQs improperly allocated, USTR alleges
Reading Time: 2 minutes Washington | Reuters — The Biden administration on Tuesday escalated a simmering trade dispute with Canada over dairy import quotas, requesting that the first dispute settlement panel under the Canada-U.S.-Mexico Agreement be formed to review the matter. The U.S. Trade Representative’s office said its complaint alleges that Canada was improperly allocating CUSMA tariff-rate import quotas […] Read more
Dry weather may cut into Canadian crop prospects, AAFC says
Reading Time: 2 minutes MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and […] Read more
La Nina done, U.S. CPC says
Neutral weather likely through summer
Reading Time: < 1 minute Reuters — A U.S. government weather forecaster said on Thursday La Nina has ended and El Nino-Southern Oscillation (ENSO) neutral conditions are likely to continue through the Northern Hemisphere summer. “ENSO neutral” refers to periods in which neither El Nino nor La Nina is present, often coinciding with the transition between the two weather patterns, […] Read more