It isn't uncommon to read about issues happening around the world that create hardship for some but leaving others unaffected, however; food inflation is not one of them. The rising cost of food is an issue being felt throughout North America and across the globe. Although it can be easy to focus on rising total... Read More
Category: Trade
It's a global game of chess and it's Russia's move. With ongoing talks of Russia allowing wheat exports to come out of Ukraine, which could mean 50 to 60 million metric tonnes of wheat, those market values have experienced a slight decline over the recent past; however some experts are saying it's not likely long-lived... Read More
In an effort to establish new trade agreements with Asia, the U.S. has announced its intention to enter in to a trade pact named the Indo-Pacific Economic Framework. Canada was not included, but experts say there's no need to fret over the forgotten invitation. Carlo Dade, director of the trade and investment centre with the... Read More
The U.S. has filed a new trade complaint over Canada's freshly updated rules for dairy imports. On Wednesday, U.S. Trade Representative, Katherine Tai, announced the U.S. has once again requested dispute settlement consultations with Canada under the Canada-U.S.-Mexico trade agreement (CUSMA or USMCA) over Canada's dairy *tariff rate quota (TRQ) system, which was updated in... Read More
Canada is standing by its proposed solution regarding dairy tariff-rate quotas under the United States-Mexico-Canada Agreement (USMCA), as U.S. dairy groups continue to pressure the White House to escalate the matter. Earlier this week, U.S. trade representative Katherine Tai said Canada's changes didn't go far enough, and the proposed solution was a disappointment. Jim Wiesemeyer... Read More
The Chinese government has lifted restrictions on imports of canola from Canada's two largest exporters that dated back to March 2019. Richardson and Viterra were banned from shipping canola seed to China more than three years ago. Both companies are listed as approved for exporting canola to China in a government document that was published... Read More
After Canada defended its standpoint on dairy tariff-rate quotas (TRQs), the U.S. trade representative, Katherine Tai, has released a statement further articulating the country's "disappointment" with Canada's unwillingness to make further changes to the TRQs. "The United States is deeply disappointed by Canada’s announcement today regarding its dairy tariff-rate quotas," says Tai. "Our top priority... Read More
Trade tensions are on the rise as some groups are calling on the U.S. government to impose retaliatory tariffs in response to Canada's handling of dairy tariff-rate quotas (TRQs) under the United-States-Mexico-Canada Agreement (USMCA/CUSMA). The call on the U.S. government comes from the U.S. Dairy Export Council (USDEC) and the National Milk Producers Federation (NMPF)... Read More
The Canadian government is still looking at additional measures to reduce the impact of 35 per cent tariffs on fertilizer from Russia and Belarus, according to the federal agriculture minister. However, Marie-Claude Bibeau isn't saying what those measures could be. Farm groups, including Grain Farmers of Ontario and Grain Growers of Quebec, have been calling... Read More
50 years ago this summer, Soviet agents traveled to North America in the middle of the Cold War and secretly bought massive amounts of grain, driving up world prices in one of the most significant events in the history of commodity trading — later dubbed the "Great Grain Robbery." Russ Crawford, who had a front-row... Read More