Page 313 of articles about markets-economics

Agriculture Secretary Tom Vilsack Thursday announced that $760 million from the Supplemental Appropriations Act signed by President Obama is available for approved but previously unfunded USDA direct farm ownership and operating loans throughout the country.

EU feed prices could skyrocket if importers follow through on plans to curtail U.S. soybean imports in the wake of a new fuss over traces of non-EU approved biotech corn that showed up in U.S. soybeans imported recently in Germany. EU Farm Commissioner Mariann Fischer Boel expressed support for the feed processors' concerns, but there's no indication a solution will be found any time soon.

The EU remains the leading trader in the world. In terms of imports it far exceeds its nearest rival, the US and is also the world’s leading exporter since 2003. In 2006 the EU had turned into a small net exporter of agricultural products. However this proved short-lived (see MAP brief June 2008), with the EU once again showing a deficit in its agricultural trade balance for 2007 and the trend has continued in 2008. This MAP examines what lies behind the evolution in the trade balance.

Russian meat production including by-products of the first grade grew by 9.8% to 1.5m tons in he first half of 2009, if compared with the same period last year, Federal State Statistics Service (Rosstat) reports.

Pork has been many Koreans' favorite source of protein for many years but its consumption has declined sharply over the past few months since the outbreak of the H1N1 influenza A.

European farmers and agri-cooperatives have estimated the 2009 cereals harvest in the EU-27 at 309.4 million tonnes.

While May was expected to be the month in which U.S. pork exports were most affected by A-H1N1 influenza, the impact has not been as negative as some analysts had predicted, according to an analysis of USDA statistics by the U.S. Meat Export Federation (USMEF).

Canada's federal, provincial and territorial Ministers of Agriculture held their annual meeting in Niagara-on-the-Lake this week to discuss issues affecting the sector and their ongoing support for farmers and the agricultural and agri-food sector across the country.

Thailand’s Department of Internal Trade (DIT) at the Commerce Ministry has revealed a new formula to calculate pork prices locally after mounting complaints from consumers on high prices. Under the new method, wholesale pork price is set at a farm-gate price plus 10% while the retail price is the wholesale rate plus 7%.

USDA Price forecasts for 2009 are lowered for cattle and hogs. The hog price forecast is also lowered for 2010.