Asia Pacific | Japan mulls extending snapbackA Japanese government panel has...

Asia Pacific

Japan mulls extending snapback
A Japanese government panel has recommended a one- year extension of the emergency tariffs placed on foreign beef and pork to protect Japanese farmers from a surge in imports.

China approval of U.S. biotech soybeans sign of goodwill
China's decision to approve imports of genetically modified U.S. soybeans is a goodwill gesture that will help trim a record bilateral trade deficit but won't significantly ease tensions.

Reports Say China to Grant Permanent GMO Import Approval for U.S. Beans
U.S. officials are saying today that China has now said it will soon be granting permanent approval for the importation of U.S. GMO soybeans. Currently, such shipments from the U.S. to China are covered via a temporary permit system which has twice been extended by the Chinese so as to not disrupt trade. The latest extension left the temporary system in place until April 20, 2004.

Export Fall
Korean export volumes fromAustralia fall for November.

FTA talks with Seoul in for a bumpy ride
Japan and South Korea kicked off negotiations for a free trade agreement in SeoulMonday, but the road leading to the targeted conclusion of a bilateral accord by the end of 2005 is expected to be a bumpy one.

Americas

Drought Tax Boost
Canadian beef producers to be given a tax break over cattle losses.

Europe

WTO says Canada discriminates vs. US wheat-US aide
A World Trade Organization panel has ruled that Canada unfairly discriminates against imports of U.S. wheat, as the Bush administration contends, a U.S. trade official said on Monday.

U.S. Ag Attache Offers Add'l Info on Russia Wheat Export Tax
The U.S. ag attache in Moscow has filed a report offering up some additional information and perspective on Russia's decision to put a a 25 Euro per metric ton export duty on rye, wheat and meslin. The duty will take effect on January 15, 2004 and will continue until May 1, 2004.

USA

USMEF: U.S. will Export 20% of Beef Production
Next year projections indicate increase of nearly 6% in beef exports and by 2010 to reach 20% by the year 2010.

Beef and pork prices increase on the CME
Beef and pork futures increased in early trading on the Chicago Mercantile Exchange.

Meat Output Drops
The USDA reports a 10 per cent decline in November meat production with beef leading the slide.

Asia Pacific

Japan mulls extending snapback
A Japanese government panel has recommended a one- year extension of the emergency tariffs placed on foreign beef and pork to protect Japanese farmers from a surge in imports.

China approval of U.S. biotech soybeans sign of goodwill
China's decision to approve imports of genetically modified U.S. soybeans is a goodwill gesture that will help trim a record bilateral trade deficit but won't significantly ease tensions.

Reports Say China to Grant Permanent GMO Import Approval for U.S. Beans
U.S. officials are saying today that China has now said it will soon be granting permanent approval for the importation of U.S. GMO soybeans. Currently, such shipments from the U.S. to China are covered via a temporary permit system which has twice been extended by the Chinese so as to not disrupt trade. The latest extension left the temporary system in place until April 20, 2004.

Export Fall
Korean export volumes fromAustralia fall for November.

FTA talks with Seoul in for a bumpy ride
Japan and South Korea kicked off negotiations for a free trade agreement in SeoulMonday, but the road leading to the targeted conclusion of a bilateral accord by the end of 2005 is expected to be a bumpy one.

Americas

Drought Tax Boost
Canadian beef producers to be given a tax break over cattle losses.

Europe

WTO says Canada discriminates vs. US wheat-US aide
A World Trade Organization panel has ruled that Canada unfairly discriminates against imports of U.S. wheat, as the Bush administration contends, a U.S. trade official said on Monday.

U.S. Ag Attache Offers Add'l Info on Russia Wheat Export Tax
The U.S. ag attache in Moscow has filed a report offering up some additional information and perspective on Russia's decision to put a a 25 Euro per metric ton export duty on rye, wheat and meslin. The duty will take effect on January 15, 2004 and will continue until May 1, 2004.

USA

USMEF: U.S. will Export 20% of Beef Production
Next year projections indicate increase of nearly 6% in beef exports and by 2010 to reach 20% by the year 2010.

Beef and pork prices increase on the CME
Beef and pork futures increased in early trading on the Chicago Mercantile Exchange.

Meat Output Drops
The USDA reports a 10 per cent decline in November meat production with beef leading the slide.