GFM Network News


CUSMA pact takes effect under cloud of disputes, COVID-19

Deal appears to assure continuity of trade for agriculture

Reading Time: 3 minutes Washington/Mexico City/Ottawa | Reuters — A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum […] Read more

Pulse weekly outlook: Levy cut an opportunity for Canadian lentils

Reading Time: < 1 minute MarketsFarm — Canadian lentils should benefit from India lowering its import levy on lentils from 30 to 10 per cent, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The announcement, made June 2, was intended to reduce lentil prices in the country. India’s Ministry of Agriculture and Farmers’ Welfare estimated the lentil crop […] Read more


India reduces tariffs on lentils

Reduction set for all lentil imports except from U.S.

Reading Time: < 1 minute MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more

Australia requests China trade talks over beef, barley

Reading Time: 2 minutes Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after […] Read more


Pulse weekly outlook: Lentil exports up on year

Reading Time: < 1 minute MarketsFarm — Canadian lentil exports are running well ahead of the year-ago level, according to the latest numbers. Canada exported 267,462 tonnes of lentils in March, the second-highest monthly total of the crop year to date and well above the 130,980 tonnes exported during the same month the previous year. The United Arab Emirates was […] Read more

U.S. grains: Soybeans tumble as China spat piles on demand worries

Grain markets hit by drop in demand for feed, biofuel

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures slid on Monday as rising tensions between Washington and Beijing raised concern about further demand risk, on top of coronavirus disruptions to biofuel and livestock feed markets. Favourable crop weather also weighed on prices as planting advanced in the U.S. Midwest while rain across Europe looks […] Read more


U.S. grains: Soybeans slide on renewed trade tensions with China

Corn, wheat also fall on heightened trade tensions

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Friday as renewed concern about trade tensions between the United States and China overshadowed fresh export sales to the world’s largest soybean consumer. Corn and wheat futures also fell on uncertain feed demand and good weather across much of the U.S. Midwest that signaled another strong […] Read more

JBS sees steady trade flows but flags export woes

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more



EU-Canada trade deal clears hurdle in Dutch parliament

Reading Time: < 1 minute Amsterdam | Reuters — The European Union’s free trade agreement with Canada cleared a political hurdle on Tuesday, when a slim majority of lawmakers in the Dutch lower house voted to ratify the contested deal. Votes by members of the country’s governing coalition were enough to approve the deal, which was rejected by opposition parties […] Read more