U.S. beef gets a boost as Saudi Arabia ends ban
Saudi Arabia lifted its four-year-old ban on U.S. beef, reopening a promising export market that was closed to the American livestock industry following discovery of the fourth U.S. case of mad cow disease. “Re-opening Saudi Arabia’s market will create additional export opportunities for American ranchers,” said U.S. Trade Representative Michael Froman and Agriculture Secretary Tom Vilsack in a statement.
Saudi Arabia boosts its stake in Canadian grain marketer
The agricultural arm of Saudi Arabia's state-owned Public Investment Fund is now the largest private investor in grain handler G3 Canada, the descendant of the Canadian Wheat Board, says Reuters.