Market access for Canadian beef to Ukraine established

Jul 23, 2015

Tariffs could be removed on many agricultural products

In an effort to continue establishing Canada’s role as an attractive trade partner when it comes to agricultural exports, the Canadian government established market access for beef in Ukraine.

The access applies to beef from cattle under 30 months and ready-to-eat meat; it comes after Ukraine banned Canadian beef in 2014.

Import & Export

"Our Government continues to work closely with industry to open, re-open and expand new markets for our quality Canadian products,” said Agriculture Minister Gerry Ritz. “Strengthening trade with Ukraine is another step towards ensuring producers can earn their living from the marketplace, and ultimately helps create jobs, growth and prosperity for all Canadians.”

The establishment of Canadian beef in Ukraine is another step being taken by Prime Minister Harper and Ukranian Prime Minister Arseniy Yatsenyuk in negotiating a Canada-Ukraine Free Trade Agreement. Doing so will eliminate Ukraine’s tariffs on beef, pork, pulses, grains, canola oil, processed foods and animal feed.

"I am very pleased that the Canadian government has completed the negotiation of a free trade agreement with Ukraine,” said Joe Reda, President of Canadian Meat Council. “A survey of Canada's meat processors has confirmed the existence of significant long term interest in trade with Ukraine, not only as a supplier of high quality protein to Ukraine's 45 million citizens, but also in the context of Ukraine's access to the European Union and its trade with the countries of Eastern Europe.”

Canada and Ukraine:

Total trade between the two was around $347 million from 2011-2013
Canada exported $35.5 million worth of agriculture and agri-food products to Ukraine in 2014
Ukraine imported $17.1 million worth of global beef in 2014

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Impact of Greece’s bailout on agriculture

Canadian government invests in animal health