Ottawa | Reuters — Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were […] Read more
Tag Archives canada — page 4
Major grocery chains agree to help stabilize prices, feds say
Any moves must not undercut farmgate prices, government warns
Trudeau summons top grocers over rising food prices
Major grocers' level of profit 'does not make sense,' PM says
Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
UN rapporteur calls Canada’s TFW system ‘breeding ground for modern slavery’
Tomoya Obokata says government needs to better protect worker rights and provide better residency path
A United Nations special rapporteur on modern slavery has called out Canada’s temporary foreign worker (TFW) programs, including those in the agriculture sector. Tomoya Obokata, who was appointed by the UN’s Human Rights Council, spoke in Ottawa Sept. 6 following a 14-day visit to Canada. He called the programs “a breeding ground for contemporary forms […] Read more
USDA adjusts soy, corn outlooks in September report
U.S. wheat usage, carryout estimates shift
MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
Canada’s canola carryout up on year, wheat down slightly
Barley, oats, peas also up on year
MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by […] Read more
ICE weekly outlook: Little downside for canola, trader says
'I wouldn’t look for a big collapse'
MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
New Zealand, Canada each claim wins in CPTPP dairy dispute
Dispute panel knocks Canada's dairy access rules
A dispute settlement panel called by New Zealand under the Trans-Pacific Partnership (CPTPP) trade pact has ruled Canada’s limits on dairy market access cramp its agreed-upon obligations. But despite the panel’s findings in New Zealand’s favour, Canada is also framing the panel’s ruling as a win — as it also generally upholds Canada’s ability to […] Read more
Pulse weekly outlook: Poor monsoon rains cut into India production
Canadian crops also expected lower
MarketsFarm — Disappointing monsoon rains in India this year are expected to cut into the country’s pulse production, according to reports out of the country. Crop production in India is highly dependent on the monsoon rains that typically soak the country from June through September, but the moisture to date was about nine per cent […] Read more
U.S. grains: Soybeans dip, despite exports
Damage to Canada's durum could impact pasta prices
Chicago | Reuters — Chicago soybean prices fell for a second session on Wednesday, despite recent export activity, with analysts pointing to traders squaring positions heading into the end of the month. Wheat traded higher, supported by global demand and concerns about Canada’s crop. Corn was near even as traders wait for the harvest to […] Read more
Vietnam to call off thistle seed ban in grain imports
Move will restore regular grain trade, Cereals Canada says
Vietnam is expected to resume nearer-to-normal grain trade with exporting nations such as Canada, after it loosens a significant restriction on weed seed content. Cereals Canada, a national cereals industry group, on Friday reported that Vietnam’s agriculture ministry has released a revised quarantine pest list due to take effect Sept. 29. The new list, Cereals […] Read more
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