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Page 254 of articles about markets-economics

Cherkizovo Group acquires Mosselprom to complete the largest transaction in Russia's agroindustrial sector

As part of the transaction to acquire Mosselprom, Cherkizovo Group has paid $42.1 mln in cash from the Group’s own funds. Given these funds have already been disbursed, the Group has amended the text of its announcement under ‘Terms of Transaction’. The original text stated “the remaining $42.1 mln will be paid in cash”, while the amended text states “the remaining $42.1 mln has been paid in cash” – this is the only revision to the announcement.

U.S. Red Meat Exports Accelerate Pace – Reach New Per-Head Value Levels

Exports of U.S. beef and pork continued on a record-setting pace in March, with beef posting a 65 percent gain in value versus year-ago levels and pork showing an impressive 40 percent increase, according to statistics compiled by the U.S. Meat Export Federation (USMEF).

Rusia sets aside 7.500 million euros for Agriculture

On April 20th, the Russian Prime Minister, Vladimir Putin, presented the plans and initiatives of the 2011 Executive Council on economic, social, and agricultural materials. In the 2011 federal budget, the Russian Government is planning on setting aside more than 150.000 Rubles (3.750 million Euros) for aiding agriculture.

UK pig producer price in contrast to the EU average price

The UK producer price in the first three months of 2011 decreased which was in contrast to the EU average price which increased considerably following the dioxin crisis in January. Higher throughputs at abattoirs may have restricted price movements in the UK and the higher EU price resulted in an erosion of the premium the UK obtained over the EU average.

Chile - Ready to export pork to China

The news came up in a meeting held by the Minister of Agriculture, José Antonio Galilea, on an official visit to China, and the Director of the Administration on the Supervision of Quality and Quarantine of the People’s Republic of China (AQSIQ), Zhi Shuping, with whom he discussed several issues related with authorization of sending new agricultural products from Chile, to China.

Europe's farmers eye greater investment

DLG Trendmonitor points to a surge in business optimism, the highest since Spring 2008

South Korea extends tariff-free pigmeat quota

South Korea has once again expanded its tariff rate quota for pigmeat imports as it looks to curb food price inflation following outbreaks of foot-and-mouth disease (FMD) and avian flu.

United Kingdom - Reduction in Total Income from Farming 2010

In real terms, after adjusting for inflation, Total Income from Farming per Annual Work Unit (AWU) of entrepreneurial labour is estimated to have decreased by 3.4% to £23,953 in 2010. This decline results from a reduction in Total Income from Farming (-4.3%) in real terms to £4.38 billion and a fall in the number of annual work units of entrepreneurial labour (-1.0%).

Mexico, among the world’s principal feed producers

Mexico is found to be among the 10 main producers of feed, worldwide. This year production is estimated at29,4 million tons, the concentration of which is mainly poultry, followed by pork, milk, and beef.

Global and EU agricultural exports rebound

World agricultural trade reached an all-time high in 2010 - at least 12% above the previous record set in 2008 - according to a new MAP (Monitoring Agri-trade Policy) report published by the Commission's Directorate-General for Agriculture & Rural Development.

France- Increase in pork importations and exportations

Throughout 2010 France has been confirmed as the third largest pork exporter in the EU, after Germany and Denmark. With a total volume of 730.000 tons, the French exportations have increased by 1,7%. Other EU countries continue to be the main destination with a volume of 561.000 tons (- 2,7%) while exportation to third party countries, although fewer (170.000 tons), showed an important rise (+20%).

Ukraine - Decree on cancellation of the maize quotas came into force

The decree of the Government of Ukraine on cancellation of the quotas for maize exports entered into force.

USMEF to Expand South Korea Pork Campaign

Anticipating the approval of the United States/South Korea free trade agreement (FTA) in the coming months, the U.S. Meat Export Federation (USMEF) is launching an expanded and intensified campaign to promote U.S. pork to Korean consumers, importers and meat industry professionals.

France - Voluntary agreement between producers, transformers and distributers in order to minimize price volatility in the livestock sector

The French Minister of Agriculture, Bruno Le Maire, met this week with representatives of producers, processors and distributors of the swine, cattle and poultry industry in order to sign a voluntary agreement between the parties with the objective of reducing the volatility of prices in the livestock sector.

Denmark – Increase in live pig exportations and slaughter

According to information published by the Danish Agriculture and Food Council, throughout 2010 the number of live pigs exported reached 8,405,405 animals, around 112,000 animals more than in 2009 (8,293,393).

Japan – Increase in pork importations

During the first trimester of this year, fresh and frozen pork importations in Japan reached 187,741 tons, slightly higher than importations during the same period of last year, which reached 172,112 tons.