Russia to expand wheat exports to Asia on higher production
The Dollar Business Bureau Russia, the world’s largest exporter of wheat, is about to expand its market for grain in the fast-growing Asian economies, which normally import their grain requirements from other parts of the world. Russia is poised to grab more share in markets of Indonesia, China and Japan as drought conditions in countries like Australia, Canada and the US are eroding the wheat production. These countries are the dominant exporters of wheat to Asian countries, accounting for around one-third of the global imports. While wheat shipments from Russia were estimated to surpass those of any other nations, very little is usually shipped to Asia, where wheat imports have nearly doubled in last 10 years as rising incomes pushed up demand for ...
Allocation of sugar quantity for export under tariff rate quota, USDA
The Dollar Business Bureau The US Department of Agriculture (USDA) had announced a non-country specific tariff rate quota (TRQ) for exporters of refined sugar from World Trade Organization (WTO) countries. Refined sugar of 1,82,000 metric tons raw value (MTRV) has been allocated for the US fiscal year of 2018, which begins on Oct 1, 2017 till September 30, 2018. Of the 182000 MTRV of sugar, 22000 MTRV of sugar (which also includes 1656 MTRV of specialty sugar) and an additional 160000, TRV for specialty sugars. Imports of organic and other specialty sugars are administered on a first-come-first serve basis in 5 tranches, as detailed below in the USTR report. On October 2, 2017, under the first tranche, 1656 MTRV of all types of specialty sugar ...
USDA lowers forecast for meat production in 2017
The Dollar Business Bureau The United States Department of Agriculture (USDA) on Friday lowered the forecast for overall production of meat in 2017 to 100.1 billion pounds (lb) against the 100.4 billion pounds estimated last month. However, it raised the forecast for production in 2018 from the previous 102.8 billion lb to 103 billion lb. “Beef production for 2017 was lowered to 26.3 billion lb primarily due to lighter carcass weights, which will more than offset expected increased slaughter in the later part of 2017, USDA said in its latest report “World Agricultural Supply & Demand Estimates” released on June 9. The expectations for further placements are backing up a higher beef forecast in 2018 of 27.2 billion lb, the report added. For 2017, ...
Indian beef non- competitive to US beef exports
The Dollar Business Bureau India, being the largest beef exporter, is unlikely to challenge American beef exports because of the low quality of meat and absence of appropriate animal healthcare guidelines, says the US Department of Agriculture. The Indian meat, though is relatively low cost and is non-competitive to US meat exports as the meat does not comply to animal health regulations, which is a growing concern in key markets, said the official report about beef exports from India. The Indian beef does not meet health standards including mouth and foot disease-free grade, required by markets which import beef and meat from US. In the markets shared by US and India, the products cater to the needs of different consumer segments. About 90% of the ...
Indias bovine meat exports fell to $4 bn inFY16
The Dollar Business Bureau Due to import restrictions by China and conflicts in some importing markets, India’s exports of bovine meat fell in 2015-16. During the last fiscal, bovine exports dropped to $4 billion compared to $4.78 billion in 2014-15 and $4.35 billion during the year 2013-14. “During the April-February period, exports of buffalo meat went down by 15 percent to $3.74 million from $4.41 billion in the corresponding period last year,” said Nirmala Sitharaman, Minister of State for Commerce and Industry in a reply to the Rajya Sabha. “There has been a decline in bovine meat exports in 2015-16, due to imports restriction by China through Vietnam, erosion of price competitiveness due to reduction of Brazilian currency and unrest in import markets ...
