Page 296 of articles about markets-economics

Today’s announcement by President Obama that negotiators for the United States and South Korea have reached consensus on their free trade agreement (FTA) is very welcome news for U.S. red meat producers, processors and exporters. The U.S. red meat industry will reap significant benefits under the FTA from the gradual elimination of duties on pork and beef exports to Korea.

The representatives of the European farmers organisations, the meat industry and the feed industry highlighted the case for a comprehensive action plan seeking to move the EU pig sector out of the present crisis situation. They also insisted on the need to take a long-term approach to reinforce the long-term viability of the pig sector enhancing its capacity to supply sustainable, competitive pork to consumers in the EU and on world markets.

As German processors switch to a different payment system, based on AutoFom, they will be seeking heavier pigs, which means they may not be so interested in lighter finishers from Denmark in future.

These statistics present the latest estimates of aggregate accounts for agriculture for 2009 and update those published on 28 January 2010.

Agriculture Secretary Tom Vilsack said this morning that agriculture is “leading this country’s recovery” with all three key measures of farm earnings showing a “rapid rebound.” He also praised a USDA forecast that U.S. exports are on course to set a record of $126.5 billion in fiscal 2011.

The Department of Agriculture may propose raising the tariff rate on imported pork offals, an official said.

Realized net farm income (the difference between a farmer's cash receipts and operating expenses minus depreciation, plus income in kind) fell 11.2% to $3.3 billion in 2009.

COMMISSION REGULATION (EU) No 1099/2010 of 26 November 2010 amending Annex I to Regulation (EC) No 669/2009 implementing Regulation (EC) No 882/2004 of the European Parliament and of the Council as regards the increased level of official controls on imports of certain feed and food of non-animal origin.

Prices of meat in Vietnam particularly pork, will increase between 15% and 20% from a year earlier during the upcoming Lunar New Year holiday.

Guiding principles on country-of-origin labelling for processed meat products have now been agreed by the British Retail Consortium (BRC) and meat retailers and manufacturers.

The Government of the Russian Federation is not going to sell grains from the Intervention Fund due to the unstable situation on the market, announced Victor Zubkov, the First Vice Prime-Minister of the Russian Federation, on November 22.

The porcine industry of Panama is suffering in the face of an increase in pork importations, which is adding to the price of raw materials.