Reading Time: 2 minutes China, the world's top buyer of soy and corn, will push for higher grain yields across large areas of farmland as it seeks to ensure food security for its huge population, state media reported on Wednesday, citing an annual rural policy meeting.
China to push for higher grain yields to ensure food security
Chinese corn breeders are preparing to double the amount of GMO corn planted next year
Argentina’s Milei to seek 15 per cent export tax hike on some grains: source
The new president pledged "shock" measures to fix the country's economic crisis
Reading Time: < 1 minute Argentina's new government of libertarian President Javier Milei will seek to raise export taxes to 15 per cent on some grains, though that would not impact tariffs on soy, an industry source told Reuters on Wednesday.
Pulse weekly outlook: Good prices for green, yellow peas
Reduced production, increased demand from India and China bolster market
Reading Time: 2 minutes Glacier Farm Media – Prices for green and yellow peas across Western Canada have likely hit their peak, according to Darwin Hamilton of Kalshea Commodities Inc.
Australia says China has lifted some restrictions on meat imports
Aussie trade minister calls it a positive step in improving relations between the countries
Reading Time: < 1 minute Australia's trade ministry said on Tuesday that China had lifted restrictions on imports of meat from three Australian abattoirs, in the latest sign of improving relations between the two countries.
Panama Canal drought to delay grain ships well into 2024
Wait times more than doubled between October and late November, prompting some shippers to reroute
Reading Time: 3 minutes Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.
USDA lowers wheat carryout calls, minor adjustments elsewhere
Corn production in Argentina and Brazil left unchanged in new report
Reading Time: < 1 minute Wheat ending stocks in the United States and around the world may be tighter than earlier thought, according to the latest supply/demand estimates from the U.S. Department of Agriculture released Dec. 8.
China accounting for bulk of Canadian canola exports so far
Chinese wheat imports roughly half of last years' at same time
Reading Time: 2 minutes China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6.
Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.
Baltic Dry Index at 18-month high
Restrictions at the Panama Canal and congestion at Brazilian ports behind rate hike
Reading Time: 2 minutes The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has climbed sharply higher over the past few weeks to hit its highest level in 18 months.
Canada’s Indo-Pacific ag office takes step forward
The joint CFIA-AAFC venture is part of a plan to diversify exports to the Indo-Pacific region
Reading Time: < 1 minute The federal government took another step yesterday toward establishing its Indo-Pacific Agriculture and Agri-Food Office (IPAAO) in Manila, Philippines, with the appointment of its first executive director. Federal ag minister Lawrence MacAulay announced that Diedrah Kelly had been appointed to the post. Kelly is a long-time representative of Global Affairs Canada and recently was Canada’s […] Read more
Ukraine says 151 ships have used new Black Sea corridor
Promised free grain shipments are headed for Africa, says Moscow
Reading Time: 2 minutes Some 151 ships have used Ukraine's new Black Sea shipping corridor since it was set up in August, the Interfax-Ukraine news agency reported on Friday, citing a senior government official.
A message from April Stewart, Country Guide's Associate Editor
