Canada to increase grain exports amid global food supply concerns


By Lin Wei
  • World
  • Wednesday, 04 May 2022

OTTAWA, May 3 (Xinhua) -- The Canadian government announced on Tuesday an investment to support the growth of the country's grain exports, at a time when the demand for Canadian grain products is on the rise on the global markets.

"Canadian grain producers are a key link in global food security. Today's investment will help industry organizations build new relationships in international markets so we can continue to feed a growing global population," Minister of Agriculture and Agri-Food Marie-Claude Bibeau said in a news release.

With funds of up to nearly 4.4 million Canadian dollars (3.5 million U.S. dollars), the Canadian government is supporting the sector by helping three organizations to identify new opportunities for Canadian grain products, including Cereals Canada Inc., Canada Grains Council, and the Prairie Oat Growers Association, according to the news release.

As the demand for Canadian grain exports continues to increase, it is important to ensure new trade opportunities that help strengthen the value chain, the news release said.

Meanwhile, Canada's federal, provincial and territorial ministers of agriculture met on Monday to speak about their ongoing concerns around global food supplies, food security and the supply of essential inputs, including fertilizers.

According to a readout of the meeting, the ministers discussed how to help maximize Canada's contribution to global food supply, and agreed to work together to stabilize the supply chain wherever possible.

The Canadian grain industry generated a record 32.2 billion Canadian dollars (25.8 billion U.S. dollars) in farm cash receipts in 2021, with exports also setting a record by value at more than 24.5 billion Canadian dollars (19.6 billion U.S. dollars).

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

Somalia says around 40 al Shabaab fighters killed in clashes
Analysis-Mexican president's electoral gambit breathes life into opposition
Disasters caused total of $122 billion in insured losses in 2022 - Swiss Re
U.N. tell Taliban to investigate reports of extrajudicial killings in Daikundi
Ukraine's Kherson loses power supply after Russian shelling - governor
Russia's Lavrov says European security body is hobbled by West
U.S. embassy latest target in spate of letter bombs in Spain
Islamic State names new leader after Quraishi blew himself up when surrounded -sources
Russia condemns German parliament for declaring Ukraine Soviet-era famine a genocide
Ramaphosa's future in balance over South Africa 'Farmgate' scandal

Others Also Read