Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai.
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US-UAE climate-friendly farming effort grows to $17 billion
COP28 has elevated agriculture, U.S. govt's Vilsak says
China accounting for bulk of Canadian canola exports so far
Chinese wheat imports roughly half of last years' at same time
China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6.
Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.
Louis Dreyfus completes stake sale to ADQ
Deal includes long-term supply line to UAE
Paris | Reuters — Louis Dreyfus Co. (LDC) said on Friday it had completed the sale of a 45 per cent indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group’s 170-year history. The overall value of the deal was not disclosed but LDC […] Read more
Louis Dreyfus to gain first outside investor
Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake
Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more
India, Middle East countries in talks on oil-for-food scheme
New Delhi | Reuters — India is in talks with some Gulf nations to buy oil to fill its strategic reserves and sell food in return, seeking to use its position as the world’s third-largest oil importer to both secure energy supplies and boost exports. Indian Oil Minister Dharmendra Pradhan told reporters the idea was […] Read more
UAE-Egypt alliance expands to desert wheat venture
Abu Dhabi/Cairo | Reuters — Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat in the desert that could boost the Cairo government’s credibility if successful. Egypt, the world’s biggest wheat importer, has long aspired to become self-sufficient in its staple food through various […] Read more
Canadian Cattlemen Presents: Depth of Field
