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International Trade: Page 46
International Trade
Japan corn imports drop on tainted meat concerns
Japan's corn imports may drop 5% to 15.4 million metric tons overall in 2011 as a result of concerns about radiation-tainted meat, which have curbed livestock production, according to reports. Beef imports rose 11% after it was discovered that stores sold meat from cattle fed with hay contaminated by radiation from the Fukushima nuclear plant.
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International Trade
China corn imports may more than double in 2011
China's corn imports may reach 5 million metric tons by the end of 2011, more than doubling the 2 million metric tons the country imported in 2010, according to Abdolreza Abbassian, senior economist with the United Nations' Food & Agriculture Organization. The country is attempting to boost stockpiles and slow the country's fastest inflation in three years, which currently sits at 6.4%, according to reports.
International Trade
Livestock, poultry groups comment on ethanol tax ‘compromise’
A coalition of livestock and poultry groups released a statement regarding the proposed "compromise" on abolition of the Volumetric Ethanol Excise Tax Credit and the protective tariff on imported ethanol. Groups issuing the statement include: American Meat Institute, California Dairies Inc., National Cattlemen's Beef Association, National Chicken Council, National Meat Association, National Pork Producers Council and National Turkey Federation.
International Trade
Thailand, Philippines animal feed producers cancel soymeal imports
Animal feed producers in Thailand and the Philippines have canceled or delayed around 130,000 metric tons of soymeal imports as a surplus of South American supplies causes global prices to fall. According to traders, the majority of the soymeal affected comes from Argentina, which is expected to produce a bumper soybean crop for the 2011 season.
Feed Additives
FDA targets imported food containing illegal, undeclared colors
The U.S. Food and Drug Administration added 87 firms to its Import Alert 45-02, which focuses on foods containing illegal or undeclared colors, in the first four months of 2011. The alert, "Detention without Physical Examination and Guidance of Foods Containing Illegal and/or Undeclared Colors," may present problems for many foreign food manufacturers, according to Benjamin England, owner of FDAImports.com LLC.
International Trade
South Africa yellow corn exports reach 14-year high
South African yellow-corn exports hit a 14-year high for the 2010-2011 season, reaching 1.02 million metric tons compared to 2009-2010's 261,608 metric tons, according to data from the South African Grain Information Service. The corn season produced a bumper crop and a total of 12.82 million metric tons of white and yellow corn, the most since 1982, according to statistics.
International Trade
South Africa corn exports to reach E2,340 per metric ton
South Africa corn exported to Swaziland will reach costs of E2,340 (US$330.56) per metric ton, up from E2,000 (US$282.53), according to Swaziland's National Maize Corporation, and prices are expected to continue increasing throughout the season due to an anticipated poor harvest and bad weather. The NMC imports roughly 3,000 metric tons of corn for Swaziland from South Africa each month.
Commodities
Weather delays Chicago Board of Trade open-outcry trading
Due to poor weather conditions and travel delays, the Chicago Board of Trade open-outcry trading will begin at 10 a.m. CST Feb. 2. Wheat, corn and soybeans all are forecast to open higher, with weather-threatened crops cited as a factor in wheat futures possibly opening 12-15 cents higher.
International Trade
US Grains Council facilitates industry-wide response to China’s US DDGS imports anti-dumping case
The U.S. Grains Council is coordinating an industry-wide registration process for interested U.S. companies in response to China's anti-dumping case against U.S. DDGS imports after calling the investigation "surprising" and one that "could be disruptive to trade." U.S. companies that want to participate in this industry effort should e-mail the Council with contact information by close-of-business Friday, Jan. 7, 2011.
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