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Archive for the ‘Agricultural Trade’ Category

Ukraine Boosts Grain Deliveries to Black Sea Ports Through Successful Export Corridor

Agricultural Trade, News, Ukrain

November 10, 2023

In a recent development, Ukraine has witnessed a significant increase in the number of rail wagons transporting grains to the ports in the Odesa region. This positive trend is attributed to the successful operation of an alternative Black Sea export corridor, as reported by a senior official from Ukrainian Railways. Valeriy Tkachov, the Deputy […]

United States Re-Opens Its Market to Paraguayan Beef Exports After 25-Year Pause

Agricultural Trade, News, United States

November 9, 2023

In a significant development, the United States is set to resume importing beef from Paraguay after a hiatus lasting a quarter of a century. This eagerly awaited decision was announced by the U.S. embassy in Paraguay on Thursday, following an extensive regulatory review process. President Santiago Pena hailed this milestone as a momentous occasion, […]

China Boosts U.S. Soybean Purchases, Offering Hope for American Farmers

Agricultural Trade, China, News, United States

November 7, 2023

In a positive turn of events for the most valuable U.S. farm export, China has recently made its largest single-day U.S. soybean purchases in at least three months, according to traders. This development comes as overseas sales of the 2023 harvest had been lagging behind the usual pace, raising concerns among U.S. farmers. Chinese […]

Canada’s Trade Surplus Surges Beyond Expectations, Fueled by Energy Prices

Agricultural Trade, Canada, News

November 7, 2023

Canada has seen its trade surplus with the world grow at a rate twice as high as anticipated in September, thanks to an increase in crude oil prices that boosted exports for the third consecutive month, according to recent data. Statistics Canada reported that in September, Canada’s trade surplus reached C$2.04 billion ($1.48 billion), […]

U.S. Farm Leaders Foster Agriculture Trade Relations During Visit to China

Agricultural Trade, China, News, United States

November 2, 2023

In a bid to strengthen agricultural trade ties, a group of U.S. agriculture industry representatives convened in Beijing, marking a significant development amidst ongoing political tensions between the United States and China. This delegation comprises 11 prominent organizations, including the U.S. Soybean Export Council, U.S. Grains Council, and U.S. Wheat Associates. Their visit follows closely […]

Persistent Low Water Levels in Mississippi River Challenge Global Grain Trade Despite Predicted Drought Alleviation

Agricultural Trade, News

October 19, 2023

The International Trade Council brings into focus the ongoing crisis faced by the global grain market due to the unyielding low water predicaments on the Mississippi River, despite NOAA’s forecasts of potential drought improvement in the Southern US over the coming winter. The National Oceanic Atmospheric Administration (NOAA) highlighted in its recent U.S. winter […]

Indonesia’s Shift Towards Boxed Meat Imports Impacts Live Export Cattle Prices

Agricultural Trade, Indonesia, News

October 17, 2023

In a noticeable trend, live export cattle prices to Indonesia have seen a decline, reflecting shifting dynamics in the market as Indonesia increases its imports of boxed meat. Feeder steers transported from Darwin are now fetching approximately $2.60 per kilogram, a substantial drop from the peak of $5.50 per kilogram recorded in 2022. This price […]

Australia Anticipates Wine Trade Resolution with China as Deadline Approaches

Agricultural Trade, Australia, China, News

October 16, 2023

In an address to the business community, Australian Trade Minister Don Farrell emphasized the need for businesses to diversify their customer base and reduce their dependence on a single market, particularly in light of the ongoing trade dispute with China. Australia’s pursuit of a resolution through the World Trade Organization (WTO) reflects the country’s […]

DG Okonjo-Iweala Encourages WTO Members to Focus on Cotton at MC13

Agricultural Trade, News

October 4, 2023

GENEVA – Director-General Ngozi Okonjo-Iweala of the World Trade Organization (WTO) has urged member nations to intensify their efforts toward achieving a potential outcome on cotton for the upcoming 13th Ministerial Conference (MC13) scheduled for February. During her address at the “World Cotton Day 2023” event hosted by the United Nations Industrial Development Organization (UNIDO) […]

International Trade Council Takes Note of Ongoing WTO Agriculture Negotiations

Agricultural Trade, News

October 3, 2023

Ambassador Alparslan Acarsoy of Turkey, Chair of the agriculture negotiations at the WTO, provided an update to WTO members on October 2-3 regarding the status of agriculture negotiations and outlined plans to advance these discussions. The International Trade Council takes note of these developments, which are crucial in shaping the path towards the 13th Ministerial […]

France Initiates Bird Flu Vaccination Program Amidst Trade Concerns

Agricultural Trade, News

October 2, 2023

PARIS – France has commenced a vaccination campaign against bird flu, aiming to combat the virus responsible for the deaths of millions of birds worldwide. This initiative has led to trade restrictions imposed by the United States on French poultry imports. France has been severely impacted by the global spread of highly pathogenic avian influenza, […]

Indonesian Authorities Lift Restrictions on Live Cattle and Buffalo Exports from Australia

Agricultural Trade, Australia, Indonesia, News

September 11, 2023

The Department of Agriculture, Fisheries and Forestry (DAFF) has announced a successful agreement with the Indonesian Agriculture and Quarantine Agency (IAQA). Effective immediately, the suspensions and restrictions on live cattle and buffalo exports from seven registered establishments across northern Australia have been lifted. This decision follows a week of technical discussions with Indonesian authorities, […]

Taiwan Temporarily Opens Market for Egg and Egg Products to Address Shortage

Agricultural Trade, News, Taiwan

September 7, 2023

In a recent development aimed at alleviating a domestic egg shortage, Taiwan has temporarily opened its market to eggs and egg products from 12 countries, including Australia. This move is in response to supply constraints in Taiwan attributed to unpredictable weather, escalating feed costs, and recent outbreaks of avian influenza. The newly implemented market access […]

The ITC Supports UK’s Commitment to Strengthen Farming Sector

Agricultural Trade, News, United Kingdom

May 16, 2023

The International Trade Council (ITC) welcomes UK Prime Minister Rishi Sunak’s recently announced measures aimed at reinforcing the UK food supply chain and protecting farmers in future trade negotiations. This initiative is a proactive response to address inflation and highlights the pivotal role of the agricultural sector in the UK’s economy and trade. The […]

International Trade Council Urges Dialogue to Resolve Mexico-US Dispute over GM Corn

Agricultural Trade, Mexico, News, United States

November 30, 2022

The International Trade Council (ITC) acknowledges the ongoing commercial dispute between Mexico and the United States concerning Mexico’s ban on imports of genetically modified (GM) yellow corn. The ITC urges both parties to engage in constructive dialogue to find a mutually beneficial resolution to the issue. Mexico’s President, Andrés Manuel López Obrador, has affirmed Mexico’s […]

Continued Support for Ukraine’s Grain Export: Extension of the Black Sea Grain Initiative

Agricultural Trade, News, Ukrain

November 17, 2022

The International Trade Council is pleased to announce that the agreement enabling safe and secure export of grain, foodstuff, and fertilisers from Ukraine has been extended for an additional four months. The Black Sea Grain Initiative, a cooperative venture involving Ukraine, Russia, Turkey, and the United Nations, has proven crucial in curbing the global […]

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