Page 279 of articles about markets-economics

FAO's quarterly Crop Prospects and Food Situation (CPFS) report published here forecast world cereal production will total 2 310 million tonnes this marketing season, 3 percent or 68 million tonnes higher than in 2010/11.

Reps. Jim Costa (D-Calif.) and Bob Goodlatte (R-Va.) introduced legislation to give relief to livestock producers, dairymen and consumers. The bipartisan legislation will link the amount of corn ethanol required to fulfill the Renewable Fuel Standard (RFS) to the actual U.S. corn supply.

The FTAs approved by the House of Representatives as well as the Senate will now be forwarded to the President to sign them into law.

For the first time in 40 years, the U.S. corn export market share is forecast to fall below the combined share of all foreign exporters.

During the first 7 months of this year pork exports have reached 1,759,769 tons, which signifies a 20.5% increase with respect to the same period last year.

The Canadian pork industry is pleased to learn that the Canadian Food Inspection Agency’s (CFIA) fees for endorsing export certificates will remain at the same level for another two years.

Strong demand in north east Asia has delivered a surge in Irish pork exports to the core markets of China, Hong Kong, Japan and Korea to date in 2011. For the first five months of the year, exports in value and volume terms to these four markets almost trebled to €16.9m or 10,700 tonnes.

The National Health, Food Safety and Food Quality Service (SENASICA) of Mexico announced that the government of Korea has authorized 6 Mexican Federal Inspection Type (TIF) plants to export beef and pork to their nation.

Dutch pig producers have gained access this year, for the first time, to the Chinese market. The high demand for pork in China has obliged Beijing to permit imports from other countries to fulfill the need.

The submission to Congress today by President Obama of free trade agreements with South Korea, Panama and Colombia is a positive step toward improving the U.S. balance of trade and creating new jobs in America, the U.S. Meat Export Federation (USMEF) said.

During the latest round of talks between Ukraine and the European Commission, it was decided to increase grain export quotas from 20 thousand tons to 2 million tons in conclusion of a free trade area agreement between Ukraine and the EU.

China's pork imports are likely to hit a record this year, but the surge will have limited influence on surging prices, analysts said.

Within the framework of FAO, one of the first meetings of the System of Agricultural Market Information (AMIS) and the Rapid Reaction Forum took place in Rome this past September.

Director-General of the Department of Internal Trade Watcharee Wimuktayon indicated that the ban on pork export was only temporarily while expressing her belief that the prices of pork were still reasonable.