Page 268 of articles about markets-economics

On June 29 the South African Minister of Agriculture announced the opening of their markets to the importation of pork from Brazil, which had been suspended after the detection of Foot and Mouth Disease in Brazil in 2005.

The Chinese market is finally opening to British pork after years of negotiations. Half a dozen UK plants have been approved following inspections and export health certificates have been agreed.

The latest data from the Single Market Management Committee of the European Commission shows a 28,5% increase in the exportation of pork between the months of January and April of 2011, reaching 974.302 tons.

In the first quarter of 2011 exports of fresh and frozen pork totalled 34,000 tonnes, up seven per cent year on year. This was helped by a narrowing of the price difference between UK prices and those on the continent.

The Internal Trade Department expects pork prices to drop soon after it suspends swine exports across the borders to neighbouring countries next week.

An Eurostat overview shows that there were just over 48 million people employed within the EU27’s food chain in 2008, equivalent to more than a fifth of total employment.

Agriculture ministers from the G20 group of nations have agreed a series of measures they hope will reduce food price volatility and boost supplies. In a communique following a two day meeting in Paris ministers said they would adopt a new collective rapid response system to help calm any spikes in prices.

G20 Agriculture Ministers are meeting in Paris today to discuss measures to address the problem of high food prices and market volatility.

The agroforestry sector grew by 15,8% alter falling by 0,4%in the fourth trimester of 2010. As far as subsectors are concerned, the GDP contributions are, on average, 20% agriculture (crops); 40%, fruit growing; 40% livestock and 20% forestry.

The OECD-FAO Agricultural Outlook 2011-2020 says that a good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year. However, the Outlook states that over the coming decade real prices for cereals could average as much as 20 percent higher and those for meats as much as 30 percent higher, compared to 2001-10. These projections are well below the peak price levels experienced in 2007-08 and again this year.

3 yrs ago, rising pork prices helped push inflation to a record high. Now, many Chinese are fearful that they are experiencing deja vu, as the price of pork rises, and threatens to exacerbate inflation concerns that have affected the World's 2ndlargest economy.

The House voted Thursday to approve a $125.5 billion agriculture spending bill that includes controversial provisions to halt millions of dollars of payments to Brazil and bar the U.S. government from investing in new ethanol blender pumps.

The Korean Minister of finance announced last week that South Korea foresees doubling the quantity of pork imported tax-free this year, going from 130.000 to 260.000 tons.

For the first time, all English pig-keepers will be able to join the British Pig Health Scheme — now renamed the BPEX Pig Health Scheme — for free. Previously there has been an annual charge for the abattoir carcase-vetting regime.