Page 264 of articles about markets-economics

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.

Hog producers are likely to respond to lower feeding spreads by reducing the weights at which they market hogs for slaughter. However, packer discounts for underweight animals are likely to limit producer incentives to reduce slaughter weights too sharply.

Savings arising from these changes are likely to be in the region of £2.4 million per annum.

The InterPIG report, which has been produced annually for the last nine years, looks at the figures from a dozen countries across Europe plus Canada and Brazil.

Of the 1 billion pigs being raised in the world, about half are in China, where pork consumption is increasing as the Chinese economy develops. As a result, pork prices are rising, a trend that is impacting the world economy.

Retail pork prices rose by 3.1% in July, according to the RPI index, compared with a year ago says the latest BPEX quarterly category report.

President Obama introduced Monday the deficit reduction and economic growth plan. Some excerpts of the Agricultural Chapter are reproduced here.

Duties for grain export from Ukraine that led to the fall of shipment volumes will be preserved until the end of 2011, since the government turned down a proposal from the Agrarian Policy and Food Ministry to refuse from the duties, Deputy Director of the Ministry's Market Department Anatoliy Rozgon told journalists.

With the end of advancing the establishment of protocols for the harmonization and approval of zoological and phytosanitary measures, as well as increasing the exportation of agrofood products from Mexico to the Asian market, the National Service for Health, Food Safety and Food Quality (SENASICA) has initiated a technical visit to Taiwan, Korea, and Japan.

Pork prices in China rose to a record high of 26.22 yuan ($4.1 yuan) a kilogram last week, according to figures from the Ministry of Commerce.