Page 287 of articles about markets-economics

On October 21, 2011, the Secretariat of Economy (SE) published in the Diario Oficial (Federal Register) an announcement revoking the retaliatory import tariffs on 99 U.S. agricultural and industrial products, including pork.

Russia and most of its CIS partners have signed an agreement committing to creating a free trade zone during Tuesday’s meeting of the Commonwealth in St. Petersburg.

August was another outstanding month for U.S. pork and beef exports, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports reached their highest monthly volume of the year at 186,068 metric tons, and the second-highest value total of all time at $531.2 million.

Old crop corn stocks in all positions on September 1, 2011 totaled 1.13 billion bushels, down 34 percent from September 1, 2010.

In September, just as with the annual cumulate, an increase has been noted in pork sent to Ukraine, Hong Kong, and Argentina.

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.