Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as […] Read more
Tag Archives imports — page 13
Panic buying, lockdowns may drive world food inflation
World has ample grain and oilseed supplies, FAO and analysts say
Grain price slump attracts bargain-hunting by importers
Hamburg | Reuters — The collapse in grain prices caused by concern about the global impact of the COVID-19 coronavirus has generated some bargain-buying by importing countries, traders said on Tuesday. But they said the extent was still limited and there were no signs importers were making especially large purchases to expand stocks. “We are […] Read more
Pulse weekly outlook: Increased demand seen, but problems loom
MarketsFarm — Unlike other commodities, pulses aren’t yet feeling ill effects from an economic downturn due to the COVID-19 coronavirus outbreak, according to Marcos Mosnaim of Globeways Canada in Mississauga. With consumers panic-buying, there has been increased demand for pulses, as many are non-perishable, Mosnaim said. “These products will be there for ages,” he said, […] Read more
Sudan to continue to subsidize bread but with ‘justice’
Khartoum | Reuters — Sudan will continue to subsidize bread prices during transitional rule after Omar al-Bashir’s ouster but wants to achieve “justice” in distributing income supports, its trade and industry minister said on Wednesday. Bread shortages, caused by difficulties in raising hard currency to import wheat, triggered mass protests which — with the help […] Read more
Pulse weekly outlook: India aims to boost production
MarketsFarm — The window of opportunity for Canadian pulses to be exported to India may rapidly be closing, according to a recent announcement from India’s agriculture minister. At a World Pulses Day event on Monday, Narendra Singh Tomar said the country is on track to self-sufficiency. Last year, the country consumed about 27 million tonnes […] Read more
CFIA rethinking limits on travellers’ personal food imports
Consultation running until March
The federal government is considering changes to the amounts of food travellers can bring into Canada with them from other countries for their personal use. The Canadian Food Inspection Agency on Thursday announced public online consultations on the proposed new limits, which CFIA said would “better reflect the volume of foods typically moved by travellers […] Read more
Coronavirus disrupts China meat imports, food supplies
Swine fever has created pork shortage
Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to […] Read more
Zimbabwe says grain stocks running out after drought
Harare | Reuters — Zimbabwe has only 100,000 tonnes of grain in its strategic reserves, enough to last just over a month, as the southern African nation suffers the effects of a severe drought, according to the agriculture minister. More than half the country’s population faces food shortages after maize harvests halved last year. The […] Read more
Improving global ag trade may not favour Canada
MarketsFarm — When it comes to improving global trade relations, a rising tide may not lift all boats. In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods. “Where does that leave room for Canada, given the demand side […] Read more
China eases customs curbs for soy imports through northern border
Beijing | Reuters — China has eased customs regulations on imports of soybean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. The changes come as China looks to diversify soybean imports amid trade tension with the […] Read more
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