Tongwei believes imports of Canadian canola could rise to 900 million over 10 years
A major Chinese feed company intends to increase its purchase of Canadian canola meal by up to 240 million dollars a year in the next 3 years.
That news from Agriculture Minister Gerry Ritz as part of the Prime Minister's trade mission to China.
Ritz also points out Tongwei believes its imports of Canadian canola could rise to 900 million dollars over the next decade.
The mild winter has been a boon to grain shipments.
The Canadian Wheat Board says both railways have performed very well.
President Ian White says grain sales have been steady despite economic uncertainty in the world marketplace.
He says prices have been fluctuating as some buyers take a wait and see approach to the market.
Fertilizer producer Agrium reports its profits increased 43 per cent in the fourth quarter.
The Calgary based company says profits rose to 193 million dollars.
That compares to 135 million in the same period of 2010.
And the Manitoba government is providing nearly 2 and a half million dollars to rural communities affected by record flooding last year.
The goal is to restore economic activity to levels at least equal to what they where before the floods.
There are 42 grants ranging between one thousand dollars and 100 thousand dollars.
Agriculture Financial Services reports dry soil conditions and below-average snow packs are contributing to concerns about the outlook for forage crops and lands.
Forage specialist Grant Lastiwka says producers should plan for delayed growth on their hay and pasture lands this spring and be prepared to keep their herds on winter feed supplies for at least a week longer than usual.
He says the consequence of delayed growth and/or winterkill of hay and pasture stands would be the loss of an important source of livestock feed.
And Maple Leaf Foods is closing a chicken processing plant in Ayr -- in a move that will result in the net loss of about 100 jobs,
The company says the streamlining is part of a plan to consolidate the company's poultry operations into its Brantford and Mississauga plants.
The Ayr chicken plant will be shut down in May -- and some employees will be offered jobs at the Mississauga plant.