Paris | Reuters — French health safety agency ANSES on Thursday cleared the use of phosphine pesticide in contact with grains exported outside the European Union when importing countries require the process, averting a halt to shipments from the EU’s top grain exporter. In late October ANSES cleared the use of phosphine tablets used for […] Read more
French agency drops fumigant ban on non-EU grain exports
Limit on phosphine won't apply if use required for export
Global wine trade hits record-high value but volumes fall
Canada 27th in production, sixth in imports
Paris | Reuters — The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 […] Read more
Czech farmers say Ukraine imports squeezing them out of EU grain markets
Government not planning import ban
Prague | Reuters — Czech farmers have 40 per cent more grains in stock than a year ago as surging Ukrainian exports to European markets have replaced Czech exports, the country’s Agriculture Association said on Tuesday, warning of a potential squeeze in storage capacity. The comments by the lobby group are the latest sign of […] Read more
Drought curtails Argentina’s latest ‘soy dollar’ scheme
Soy supply 'a very different situation' now
Buenos Aires | Reuters — Farmers participating in Argentina’s “soy dollar” plan to boost exports have traded less than half of the soybeans they had traded at the same point during the previous plan, due to the impact of a drought, the Rosario grains exchange said on Friday. The Argentina government launched its latest “soy […] Read more
Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more
France says pesticide ban will not hit grain exports
Fumigant can't be in 'direct contact' with grains
Paris | Reuters — France will ensure that a decision by health and safety agency ANSES to ban the use of a pesticide in direct contact with grains does not hamper its exports outside the European Union, its trade and agriculture ministers told Parliament on Tuesday. In late October ANSES cleared the use of phosphine […] Read more
Ford hikes electric F-150’s price again to battle high costs
Reuters — Ford Motor Co. has raised the base price of its popular F-150 Lightning electric pickup truck again, the automaker’s website showed on Thursday, the latest in a series of price hikes aimed at offsetting high costs. The base variant of Ford’s electric F-150 truck now starts at $59,974, excluding shipping and taxes, up […] Read more
Viterra to exit Russian grain trade
The company's team in Russia to create new grain exporter
London | Reuters — Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday. Viterra — whose owners include mining and trading giant Glencore and the investment management […] Read more
France’s InVivo makes bid for United Malt
Bid would include Canada Malting business
Reuters — United Malt Group has received an indicative, non-binding offer from Malteries Soufflet, a branch of French agribusiness InVivo, the Australian commercial maltster said on Tuesday, valuing it at A$1.5 billion (C$1.36 billion). The A$5 per share offer represents a 45.3 per cent premium to United Malt’s last close of A$3.44. Trading in shares […] Read more
Dreyfus to step up spending after earnings boost
'Complementary' acquisitions envisioned
Paris | Reuters — Louis Dreyfus Co. (LDC) could nearly double annual investments in the coming years as rising profits help it pursue expansion in its traditional crop trading and newer food-ingredient activities, its CEO told Reuters. The group on Wednesday reported a jump in annual net profit to $1 billion, joining other global crop […] Read more
Canadian Cattlemen Presents: Depth of Field
