Asia Pacific | Asia Freight-Rates hit 8-yr high, but market wary of SARSBench...

Asia Pacific

 

Asia Freight-Rates hit 8-yr high, but market wary of SARS
Benchmark panamax dry bulk rates in Asia will likely hover near eight-year highs on expected post-holiday demand, brokers said on Wednesday, but they warned of potential fallout from SARS on the regional economy.

 

Japan: Nippon Meat Expects Profit, Drops Loss Forecast

Nippon Meat Packers Inc. said Wednesday it expects to record a consolidated net profit of 4.4 billion yen in fiscal 2002 ended March 31, a reversal from a loss of 1 billion yen forecast last November.

 

Americas

 

Argentina eyes world trade deal to boost exports
A successful global agreement on trade liberalisation would help Argentina double its exports and trade its way out of an economic slump, Deputy Foreign Minister Martin Redrado said on Wednesday.

 

USA

 

Tyson vice president testifies against COOL at USDA education session
Editor's note: The following is testimony given on Tuesday, April 29, 2003, by Gary Machan, Tyson's vice president of hog procurement, in regards to mandatory country of origin meat labeling. The testimony was given at a USDA Country of Origin Labeling Listening and Education Session, which was held in Raleigh, N.C.

Asia Pacific

 

Asia Freight-Rates hit 8-yr high, but market wary of SARS
Benchmark panamax dry bulk rates in Asia will likely hover near eight-year highs on expected post-holiday demand, brokers said on Wednesday, but they warned of potential fallout from SARS on the regional economy.

 

Japan: Nippon Meat Expects Profit, Drops Loss Forecast

Nippon Meat Packers Inc. said Wednesday it expects to record a consolidated net profit of 4.4 billion yen in fiscal 2002 ended March 31, a reversal from a loss of 1 billion yen forecast last November.

 

Americas

 

Argentina eyes world trade deal to boost exports
A successful global agreement on trade liberalisation would help Argentina double its exports and trade its way out of an economic slump, Deputy Foreign Minister Martin Redrado said on Wednesday.

 

USA

 

Tyson vice president testifies against COOL at USDA education session
Editor's note: The following is testimony given on Tuesday, April 29, 2003, by Gary Machan, Tyson's vice president of hog procurement, in regards to mandatory country of origin meat labeling. The testimony was given at a USDA Country of Origin Labeling Listening and Education Session, which was held in Raleigh, N.C.