Agriculture – Canadian Investor

Chinese importers have stopped buying Canadian canola seed: Industry group

March 22, 2019 CanadianInvestor

Canola seed exporters report Chinese companies — one of their major markets — have stopped buying their product, according to an industry group. The ongoing trade dispute that started earlier this month when China revoked the permit of a major Canadian exporter is also causing woes for canola farmers, grappling with lower prices and delayed shipments. Canola seed exporters have told the... Read More

Saskatchewan government to present first balanced budget in years

March 20, 2019 CanadianInvestor

REGINA — For the first time in years, the Saskatchewan Party government will present a budget that the finance minister has said is balanced. Donna Harpauer is to release the province’s 2019-2020 fiscal plan today and she’s said the government will keep its promise to return to the black. The plan to balance the books was set in motion three years ago under former premier Brad Wall... Read More

Agriculture, trade ministers will testify in April on Chinese canola issue

March 17, 2019 CanadianInvestor

OTTAWA — A pair of federal cabinet ministers have been called on to testify before a parliamentary committee on China’s move to reject canola shipments from one of Canada’s largest grain producers. The House of Commons trade committee voted today to hear from Agriculture Minister Marie-Claude Bibeau and International Trade Minister Jim Carr on the Canada-China canola issue during the week of April 1. Beijing... Read More

China revokes Richardson Int. canola shipping permit as Huawei dispute escalates

March 5, 2019 CanadianInvestor

WINNIPEG — One of Canada’s largest canola exporters has confirmed that China has revoked the company’s permit to export product to the country as a diplomatic feud between Canada and China escalates. The loss of the export permit for Richardson International Ltd. comes as Ottawa moves to proceed with the extradition hearing of Huawei Technologies Co. Ltd. executive Meng Wanzhou. The Canola Council of Canada says news... Read More

Vancouver port cargo hits record volumes amid global hunger for Canadian grain

February 28, 2019 CanadianInvestor

VANCOUVER — The Vancouver port saw record cargo numbers in 2018, driven by overseas demand for grain and potash and a thirst for consumer products in Canada. The port authority says cargo volume grew to a record 147 million tonnes last year, up 3.5 per cent from 2017. Robin Silvester, head of the Vancouver Fraser Port Authority, says West Coast container... Read More

Nutrien in talks with Australian company Ruralco regarding potential deal

February 26, 2019 CanadianInvestor

SASKATOON — Nutrien Ltd. says it is in talks with Australian company Ruralco Holdings Ltd. regarding a possible deal. Trading in Ruralco securities were halted on the Australian Stock Exchange. Nutrien says its Landmark subsidiary in Australia is engaged in discussions with Ruralco regarding a potential transaction. Ruralco provides a wide range of services for Australian farmers. The Canadian company says... Read More

Made-in-Canada lab-grown meat a possibility after grant from U.S. non-profit

February 21, 2019 CanadianInvestor

A group of Toronto scientists will soon attempt to develop a less-expensive way to grow lab-made meat after securing a grant from an American non-profit aiming to boost advances in cultured protein. Cellular agriculture has been touted as the future of food thanks to its smaller environmental footprint and consideration for animal welfare, but until recently much of the research has been done south... Read More

Organigram’s Q1 net revenue gets boost from recreational pot sales

January 28, 2019 CanadianInvestor

MONCTON, N.B. — Licensed cannabis producer Organigram Holdings Inc. says net revenue in its latest quarter hit $12.4 million, up from $2.4 million from a year earlier, due to the launch of recreational pot sales in October. Organigram says its sales during the three-month period ended Nov. 30 marked a record quarterly high and amounted to more than what the company has historically sold to medical... Read More

Homeowner equipment caused California wine country fire

January 25, 2019 CanadianInvestor

SACRAMENTO, Calif. — In a long-awaited report, state investigators said Thursday that a 2017 wildfire that killed 22 people in Northern California wine country was caused by a private electrical system, not equipment belonging to embattled Pacific Gas & Electric Corp. The state firefighting agency concluded that the blaze started next to a residence. It did not find any violations... Read More

Canadian wheat exports to China soar amid U.S.-China tariff dispute

January 18, 2019 CanadianInvestor

Canada’s wheat exports to China jumped nearly 200 per cent from January to November 2018 as the Asian country stopped buying from American farmers amid a tariff dispute. Statistics Canada data released Thursday shows total Canadian wheat exports grew nearly 13 per cent during that time from about 15 million tonnes to roughly 17 million tonnes. Wheat exports to China... Read More