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China said on Friday it would suspend some tariffs on Canadian agricultural products imposed during a trade spat between Beijing and Ottawa, after Canadian Prime Minister Mark Carney struck an initial deal with Beijing during a visit in January, reported Reuters.
China will suspend 100% tariffs on Canadian canola meal and pea imports and will halt 25% tariffs on lobster and crab imports from March 1 through the end of 2026, the finance ministry said in a statement.
The outcome broadly aligns with Carney's expectations. But the Chinese announcement made no mention of canola seed tariffs, which Carney had previously said would be lowered by March 1.
Ottawa expected Beijing to lower canola seed tariffs to a combined rate of about 15% from the current 84%. A probe into Canadian canola is set to conclude on March 9, the Chinese commerce ministry has said.
"One thing we do know is that Chinese buyers have been booking Canadian canola cargoes for March already. That gives me a pretty high degree of confidence that they're going to follow through on the reduced tariff rate," said Even Rogers Pay, director at Beijing-based consultancy Trivium China.
Canola oil and pork were also not mentioned in the statement. But Beijing could still announce further adjustments by the March 1 deadline previewed by Carney.
China was Canada's second largest market for canola in 2024.
The suspensions come amid a wave of visits to Beijing by Western leaders as US President Donald Trump's trade policies have strained Washington's traditional alliances. China has sought to present itself as a more stable and reliable economic partner in contrast.
Carney went further than his European counterparts by securing a deal with China and signalling Canada's ambition to play a leading role in a new global trade order aimed at reducing dependence on the United States.
During his China trip, Carney pledged to allow into Canada up to 49,000 Chinese electric vehicles at a tariff of 6.1% on most-favoured-nation terms.
World Farming Agriculture and Commodity news - 23rd February 2026
Argentina reported an outbreak of high pathogenicity avian influenza in poultry in Buenos Aires province, according to the World Organisation for Animal Health (WOAH).
The immediate notification, published Feb. 23 through WOAH’s World Animal Health Information System (WAHIS), The virus was detected on a heavy breeding poultry farm in the province of Buenos Aires, where increased mortality and clinical signs consistent with HPAI were observed.
Laboratory testing confirmed high pathogenicity avian influenza subtype H5. The outbreak is ongoing.
According to the report, 30,000 domestic birds were susceptible. A total of 694 cases and 694 deaths were recorded.
In response, the UK Department for Environment, Food and Rural Affairs said that in the absence of a regionalisation agreement, the whole territory of Argentina is no longer considered free from HPAI.
The UK Office for SPS Trade Assurance amended its third country listings on Feb. 25, 2026 to suspend imports of fresh poultry meat from Argentina produced on or after Feb. 23, 2026, as well as certain poultry meat products not subject to specified heat treatment requirements, while imports of eggs and egg products remain unaffected.
Netherlands-based feed solutions provider ForFarmers reported a 52.5% rise in 2025 net profit, marking a record year, Reuters reported.
Total feed volume increased 18% in 2025, with the company benefiting from favourable market conditions and strategic acquisitions.
ForFarmers said it sees opportunities for growth in the European agricultural sector and strengthened its position in the Polish poultry market through a joint venture with KPS. The company remains optimistic despite volatile market conditions.
It cited low raw material prices and favourable selling prices for milk, eggs and meat as key market drivers. Strategic steps, including Van Triest CirQlar and joint ventures in Germany and Poland, strengthened its market position. The company also gained market share in the Netherlands, reflecting customer satisfaction.
Full-year adjusted net income totalled €61.90 million. Adjusted free cash flow reached €148.30 million, while gross profit came in at €611.20 million.
The average analyst rating on the shares is “strong buy,” with two “strong buy” or “buy” recommendations and no “hold” or “sell” ratings. The average consensus recommendation for the fishing and farming peer group is “buy.”
Wall Street’s median 12-month price target for ForFarmers NV is €5.95, about 2.1% above its February 18 closing price of €5.83. The stock recently traded at nine times next 12-month earnings, compared with a price-to-earnings ratio of eight three months ago.
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