Global grain industry news in brief

Published Jan 27, 2024

Tridge summary

Viterra has successfully negotiated an agreement with The Grain and General Services Union, averting a potential strike in Saskatchewan, a key grain-producing region in Canada. In other news, Eastern European countries are urging the European Commission to limit imports of Ukrainian grain, which has been saturating the market due to lifted import duties and quotas. Despite the International Grains Council forecasting a record global grain production of 2.307 billion tonnes in 2023-24, stockpiles are not expected to significantly increase due to rising consumption. Additionally, there are concerns over potential dry conditions in North America that could negatively affect grain production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Viterra ends Canadian strike Viterra has come to an agreement with staff threatening to strike in the critical Canadian prairie province of Saskatchewan. Viterra and The Grain and General Services Union have come to an agreement after the union, representing 436 employees, threatened to strike over the terms of a new four year workplace agreement. Saskatchewan is one of Canada's major grain producing provinces. EU looks to restrict Ukraine imports Eastern European nations continue to lobby the European Commission, the bureaucratic arm of the European Union to allow them to restrict imports of Ukrainian grain. The EU has suspended import duties and quotas for Ukrainian grain imports since June 2022 to support the war-torn nation following the invasion by Russia. However, cheap Ukrainian grain has spurred protests by governments, farmers and truckers in nearby countries such as Poland, Slovakia and Hungary. Up until September last year, the EU had allowed five countries - Bulgaria, ...
Source: Farmweekly
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