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Tag Archives australia — page 18

(PortMetroVancouver.com)
Markets

Canada says TPP trade deal dead without U.S.

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Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more
(PortMetroVancouver.com)
Livestock

Australia, New Zealand pledge to salvage TPP

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Reuters — Australia hopes to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations into the agreement in the wake of U.S. President Donald Trump’s decision to pull his country out of the pact, its trade minister said on Tuesday. New Zealand’s trade minister said ministers from the remaining TPP countries would […] Read more
Livestock

Australia approves sale of giant Kidman pastoral holdings

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Sydney | Reuters –– Australia on Friday approved the A$386.5 million (C$379.3 million) sale of the country’s largest private landholder S. Kidman and Co. to a consortium led by the country’s richest woman Gina Rinehart, after blocking two previous bids. Rinehart and her minority partner, Chinese developer Shanghai CRED, will now complete the purchase of […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

U.S. grains: Corn, soybeans fall on harvest pressure

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Chicago | Reuters — U.S. corn and soybean futures weakened Wednesday on expectations that drier weather in the coming days will allow farmers in the Midwest to ramp up the harvest of what is expected to be record-large crops, traders said. MGEX spring wheat and K.C. hard red winter wheat contracts firmed on tight stocks […] Read more
(Keith Weller photo courtesy ARS/USDA)
Livestock

TPP study sees net ‘neutral’ effect on dairy sector

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An economic impact study on Canada’s participation in a Trans-Pacific Partnership (TPP) trade deal finds losses in Canada’s dairy sector would be “offset” by gains for dairy processors from cheaper dairy imports. The study, prepared for the federal government by its Office of the Chief Economist and released Friday, notes Canada has offered expanded access […] Read more
(Fonterra.com)
Livestock

Australia competition watchdog to widen dairy investigation

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Sydney | Reuters — Australia’s competition watchdog will launch a broad investigation into the country’s dairy industry, the country’s deputy prime minister Barnaby Joyce said on Thursday. The investigation comes after Australia’s largest dairy processor Murray Goulburn and New Zealand’s Fonterra Co-operative Group in April reduced their farm gate prices, or what they pay farmers […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola watching China before harvest

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CNS Canada — The canola market continues to watch and wait for the Chinese and Canadian governments to resolve a dispute over the amount of dockage allowed in imports of Canadian canola. Until that happens, canola may face growing pressure between now and next week. On Sept. 1, China is scheduled to lower the amount […] Read more
Average sea surface temperature in degrees Celsius over the Pacific Ocean for the week centred on May 4, 2016. Anomalies computed with respect to the 1981-2010 base period weekly means. (CPC.ncep.noaa.gov)
Livestock

Forecasters see rising likelihood of La Nina in 2016

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Reuters — A U.S. government weather forecaster on Thursday heightened its projections for the La Nina weather phenomenon to take place in the Northern Hemisphere later this year, on the heels of an El Nino likely to fade by early summer. The Climate Prediction Center (CPC), an agency of the National Weather Service, in its […] Read more
Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)
Livestock

Australia to defer decision on China land deal

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Sydney | Reuters — The Australian government is deferring until after an upcoming federal election a politically sensitive decision on whether to allow the sale of one of the country’s biggest cattle empires, S. Kidman and Co., to a Chinese-led consortium. Australian Treasurer Scott Morrison rejected a previous foreign-led offer for the ranching company — […] Read more

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