London | Reuters — Britain warned its food producers on Wednesday to prepare for a 400 per cent rise in carbon dioxide prices after extending emergency state support to avert a shortage of poultry and meat triggered by soaring costs of wholesale natural gas. Natural gas prices have spiked this year as economies reopened from […] Read more
Tag Archives natural gas — page 2
Britain tells its food industry to prepare for CO2 price shock
U.K. pays fertilizer maker CF Industries to reopen plants
U.K. meat industry warns of threat to supplies from CO2 crisis
CO2 shortage is caused by closure of fertilizer plants
London | Reuters — Some of Britain’s meat processors will run out of carbon dioxide (CO2) within five days, forcing them to halt production and impacting supplies to food retailers, the head of the industry’s lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and […] Read more
Norway’s Yara curtails European ammonia output
Surge in price of natural gas cited
Oslo | Reuters — Norway’s Yara is curtailing ammonia production at a number of plants due to a surge in the price of natural gas, the fertilizer maker said Friday. “Record high natural gas prices in Europe are impacting ammonia production margins,” Yara said in a statement. “Including optimization of ongoing maintenance, Yara will by […] Read more
Parliament rises as farm succession bill passes
Manitoba MP's private member's bill clears Senate
With the possibility of a fall election looming, MPs rose from the House of Commons on Wednesday, marking the end to a parliamentary session featuring a handful of laws impacting agriculture. Brandon-Souris MP Larry Maguire saw his private member’s bill, aimed at lowering taxes on the sales of farms and other small businesses, pass in […] Read more
Grain drying relief moving forward, one way or other
Governing Liberals telegraph plans to introduce their own measure
Despite voting against a bill to exempt certain farm fuels from the carbon tax, the governing federal Liberals say tax relief for grain drying is coming. Conservative MP Philip Lawrence’s private member’s bill C-206, An Act to amend the Greenhouse Gas Pollution Pricing Act (qualifying farming fuel), passed second reading in the House of Commons […] Read more
U.S. livestock: Cattle, hog futures sag as weather stalls slaughter pace
Chicago | Reuters — U.S. cattle and hog futures declined on Wednesday as wintry weather and power outages hampered meat-packing operations, slowing the pace of slaughter and reducing demand for market-ready animals, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.65 cents at 124.15 cents/lb., while the spot February contract ended down […] Read more
Some U.S. ethanol producers cut production to sell natural gas for profit
New York | Reuters — Sky-high U.S. natural gas prices have prompted some Midwestern ethanol producers to reduce processing in the last week, hoping instead to sell off some of their natural gas to take advantage of current high spot prices caused by the spike in cold weather, industry sources said. Ethanol margins in the […] Read more
Ottawa roundup: Carbon tax, Grain Act review, Horticultural Council AGM
Despite much of the world’s focus being on slumping stock markets and a global pandemic, there are several recent developments out of Ottawa related to agriculture: Canada Grain Act Canada’s Treasury Board has identified the Canada Grain Act as a piece of legislation in need of regulatory reform. This has been on the federal Liberal […] Read more
Green Party backs grain drying exemption from carbon tax
One of the federal opposition parties in full favour of carbon pricing is lending its support to calls by farm groups for a carbon tax break for grain drying. Vancouver Island MP Paul Manly, the Green Party’s caucus critic for agriculture, announced the party’s position Monday. “We support the grain producers of Canada in their […] Read more
Fraser: The case against carbon pricing for farmers
The federal government continues to suggest the carbon tax imposed on Prairie farmers is necessary to reduce greenhouse gas emissions and may not be causing undue harm to the country’s agricultural sector. Agriculture Minister Marie-Claude Bibeau speaks publicly about “special considerations” for farmers, while at the same time openly questioning carbon pricing’s effect on their […] Read more
Cyber-Savvy Farmer
