Farms.com Home   Ag Industry News

Canada and Russia as agri-food trade partners

The two countries meet tonight for World Junior hockey gold

By Diego Flammini, Farms.com

On the ice, the rivalry between Canada and Russia will forever be etched in hockey history. Tonight, they’ll write another chapter in the storied saga as the two countries meet for World Junior hockey gold; a tournament the two nations continue to dominate. 28 of the 36 competitions resulted in either Canada or Russia winning gold.

One game between the two countries dubbed the “Punch-up in Piestany” saw the game suspended after brawl broke out.

Off the ice, when it comes to trading agriculture, it’s a little bit of a different relationship.

The most recent stats show in 2013, Canada exported over $321 million worth of agri-food products to Russia. The principal exports being over $250 million in pork products. Other imports included dog and cat food, fertilized chicken eggs, and pure-bred breeding swine.

On the other hand, Canada imported $21 million in products in 2013. The chief import being vodka at $8.7 million. Molasses, tobacco, flaxseed and millet round out the top five agri-food imports.

During the summer of 2014, sanctions were put on Russia while they and Ukraine were at odds. In response to the sanctions, Russia stopped importing foods from numerous countries, including Canada’s pork industry that could have a financial impact of up to $500 million.


Trending Video

USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.