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Canola, Crops, Markets, Reuters

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

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Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more
Reuters

China to encourage foreign investment in livestock breeding, plant-based meat substitutes

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Beijing | Reuters – China’s state planner said on Friday that it will encourage foreign investment in livestock and poultry breeding, as well as plant-based meats substitutes, from this year. The move by the National Development and Reform Commission comes as China, the world’s top meat market, strives to boost supplies of meat and alternative […] Read more
Hogs, Markets, Reuters

Argentina nears China hog deal it hopes could turbocharge local pork production

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Buenos Aires | Beijing | Reuters – Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina’s undersecretary of trade and investment promotion told Reuters. That could eventually lead to Chinese-backed hog farms in the South American […] Read more
General, Markets, Reuters

China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

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Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold, […] Read more
Hogs, Livestock, Reuters

China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

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Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in […] Read more
Crops, Reuters

China approves two new GM crops from U.S. for import

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Beijing | Reuters — China approved two new genetically modified (GM) crops for import on Monday that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said. Earlier this month, Beijing and Washington announced a Phase 1 trade deal, under which China has agreed to import […] Read more
U.S. President Donald Trump appears with China President Xi Jinping at the G20 leaders summit on June 29, 2019.
General, Markets, Reuters

U.S. farmers suffer ‘body blow’ as China slams door on farm purchases

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Beijing | Reuters — Chinese companies have stopped buying U.S. agricultural products, China’s commerce ministry said on Tuesday, a blow to U.S. farmers who have already seen their exports slashed by the more than year-old trade war. China may impose additional tariffs on U.S. farm products bought shortly before the purchase ban took effect, China’s […] Read more

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