(LouisDreyfus.ca)

Dreyfus sees recovery after two-year profit slide

Paris | Reuters — Louis Dreyfus’ core earnings fell for a second year in 2016 amid a persistent high supply of crops, but the agricultural commodity trader said a revamp of operations should help results this year. Large inventories, low prices and limited volatility have curbed margins in the past two years for companies that […] Read more




(iStock photo)

Reprieve granted in India pulse fumigation dispute

The federal government has negotiated a short reprieve in the ongoing dispute with India over its reluctance to receive pulse imports that have not been fumigated with methyl bromide after March 31. In a statement issued Thursday, Lawrence MacAulay, Minister of Agriculture and Agri-Food and the François-Philippe Champagne, Minister of International Trade announced pulse exports […] Read more


(Dave Bedard photo)

Cargill’s Q3 profit up on ingredient, protein demand

Chicago | Reuters — Global commodities trader Cargill reported a higher quarterly profit on Wednesday as strong earnings from its food ingredients and protein units more than offset lagging results from South American grain trading and processing. The privately held company has been streamlining its operations to focus on higher-margin businesses such as food ingredients […] Read more

An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)

Indian regulator warns on Agrium-PotashCorp merger

New Delhi | Reuters — India’s competition regulator said the proposed merger between Agrium and PotashCorp was likely to hurt competition, a government statement said Wednesday. The two Canadian fertilizer producers agreed to merge last September to navigate a severe industry slump by boosting efficiency and cutting costs. Neither Agrium nor PotashCorp have physical presence […] Read more


(PortSeattle.org)

Baltic Dry Index hits two-year highs

CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. It was quoted Tuesday at […] Read more

(Lentils.ca)

Pulse firm AGT sees resolution of India-Canada trade snag

Winnipeg | Reuters — Canada’s AGT Food and Ingredients, one of the world’s biggest exporters of peas and lentils, expects India to extend an exemption for Canada within days from a crop fumigation policy that threatened to jeopardize $1.1 billion in annual trade of the food staples, CEO Murad Al-Katib said Tuesday. India’s current exemption […] Read more


(Dave Bedard photo)

U.S. agribusiness deal not a priority for Glencore

Lausanne | Reuters — Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group’s agriculture chief said Tuesday. The diversified trading and mining group had pointed to the possibility of making bolt-on acquisitions after posting improved results for 2016 and […] Read more

U.N. picks former U.S. governor to run World Food Programme

Reuters — United Nations chief Antonio Guterres has appointed former South Carolina Governor David Beasley to run the Rome-based World Food Programme (WFP), at a time when U.S. President Donald Trump has proposed slashing funding for the world body and its agencies. Beasley will replace another American, Etharin Cousin, who has been the WFP executive […] Read more