U.S. crop commodities trader Bunge Global posted a larger-than-expected quarterly profit drop on Wednesday and warned that 2025 earnings could sink to the lowest in six years as trade tensions and biofuel policy uncertainty drag on the agricultural sector.
Tag Archives processing
Bunge Q4 profit falls on weak crush margins, forecasts 2025 earnings drop
Trade tensions and biofuel uncertainty weigh on sector
Funding aims to attract and retain more agrifood workers
The governments of Canada and Ontario are creating the Labour Force Management Strategies Initiative to attract and retain Ontario agri-food workers. Funded through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), the $4 million investment will strengthen Ontario’s agri-food workforce for years to come, the governments said in a release. The initiative will help fund job […] Read more
Snobelen Farms Ltd. increases capacity and efficiency at the Brantford facility
A $2 million technology and equipment upgrade on Snobelen Farms Ltd.’s Brantford grain facility is complete. “These upgrades reflect our ongoing commitment to innovation and customer satisfaction,” said Troy Tate, Brantford location manager. “We want our growers to be in, out and back in their combines as seamlessly as possible.” Why it matters: As a […] Read more
Lower costs, U.S. demand are positive signs for Canadian hog sector
Northeast U.S. demand serves as relief valve for a glut of hogs in Ontario after loss of Quebec processing
There's reason for optimism for some Canadian hog farmers
Canadian beef sector urges resolution on Cargill labour dispute
Glacier FarmMedia – In a joint news release issued June 24, the Canadian Cattle Association (CCA), National Cattle Feeders’ Association (NCFA) and Beef Farmers of Ontario (BFO) strongly encouraged the Cargill Dunlop facility in Guelph and members of UFCW Local 175 to come to an expedited labour resolution. The CCA, NCFA and the BFO represent about 19,000 beef […] Read more
GFI closes Saskatchewan operations
Global Food and Ingredients, a plant-based and plant protein company with facilities in Saskatchewan, has announced a “wind down” of its business operations. A May 7 news release on the GFI website says the company cannot service its outstanding debts.
Protein sector faces labour crunch: report
Nearly two thirds of agri-food companies can't hire all the workers they need
Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report.
Feds plan to invest in processing projects
The money comes from a fund earmarked to help supply managed sectors hurt by trade deal
The federal government will invest $89 million in 49 processing projects in the supply managed sector. Agriculture minister Lawrence MacAulay was in Ingleside, Ont., at the Lactalis Canada cheese plant to make the Feb. 5 announcement. The projects are through the six-year, $397.5-million Supply Management Processing Investment Fund, which is part of Ottawa's commitment to help sectors that lost market share due to trade agreements.
Feds plan to invest in processing projects
The money comes from a fund earmarked to help supply managed sectors hurt by trade deal
Glacier FarmMedia -The federal government will invest $89 million in 49 processing projects in the supply managed sector. Agriculture minister Lawrence MacAulay was in Ingleside, Ont., at the Lactalis Canada cheese plant to make the Feb. 5 announcement. The projects are through the six-year, $397.5-million Supply Management Processing Investment Fund, which is part of Ottawa’s […] Read more
Olymel to consolidate Ontario, Quebec further-processing
Chicken plant at Paris, Ont., and pork plant at Princeville, Que. to close
Pork and poultry packer Olymel is preparing to permanently shut two further-processing facilities and shift their work to other plants in a new round of consolidation. Olymel, the meat packing arm of Quebec’s Sollio Cooperative, announced Wednesday it will permanently close its pork boning and packaging plant at Princeville, Que. effective Nov. 10, and its […] Read more
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