Russia Announces Quotas for 2009
Russia Announces Quotas for 2009
The Russian Ministry of Economics yesterday announced that it will increase the 2009 United States’ pork export quota to Russia from 50,700 metric tons (111.8 million pounds) to 100,000 metric tons (220.5 million pounds). Overall, Russia will increase its 2009 pork import quota 5.9 percent to 531,900 metric tons (1.17 billion pounds).
The in-quota duty remains at 15 percent. At the same time, Russia will increase the out-of-quota duty rate from 60 percent but not less than 1 Euro per kg to 75 percent but not less than 1.5 Euros per kg. At current prices and exchange rates, 1.5 Euros would equate to about a 160 percent ad valorem duty on bone-in hams, or about $0.90 per pound.
Through the first 10 months of 2008, U.S. pork exports to Russia totaled 139,712 metric tons (308 million pounds), with nearly 90,000 metric tons (198.4 million pounds) of that in excess of the U.S. quota. These exports were subject to 60 percent duty or not less than 1 Euro per kg ($0.60 to $0.70 per pound).
At the same time as it made the pork quota announcement, the Ministry of Economics announced that it is reducing poultry import quotas by nearly 25 percent in 2009, from a planned 1,252,000 metric tons (2.76 billion pounds) to 952,000 metric tons (2.1 billion pounds) while increasing out-of-quota duties from 50 percent to 80 percent but not less than 0.7 Euro per kg. The U.S. quota was reduced from 931,500 metric tons (2 billion pounds) to 750,000 metric tons (1.6 billion pounds).
The beef quotas and duties will remain unchanged, with a U.S. quota of 18,500 metric tons (40.8 million pounds). In-quota duties are 15 percent and over-quota duties are 30 percent but not less than 0.3 Euros per kg.
Hong Kong Approves U.S. Beef Hanging Tender
Hong Kong authorities have approved the import of the U.S. beef hanging tender, a tender and flavorful steak item — hanger steaks. Plants approved for exporting beef to Hong Kong under USDA's Export Verification program can obtain health certificates for hanging tender exports as of Dec. 10. The U.S. regulation can be found at:
http://www.fsis.usda.gov/Regulations_&_Policies/Hong_Kong_Requirements/index.asp
USMEF is planning a small gathering in the near future to introduce the Hong Kong trade to the hanging tender.
Russia Announces Quotas for 2009
The Russian Ministry of Economics yesterday announced that it will increase the 2009 United States’ pork export quota to Russia from 50,700 metric tons (111.8 million pounds) to 100,000 metric tons (220.5 million pounds). Overall, Russia will increase its 2009 pork import quota 5.9 percent to 531,900 metric tons (1.17 billion pounds).
The in-quota duty remains at 15 percent. At the same time, Russia will increase the out-of-quota duty rate from 60 percent but not less than 1 Euro per kg to 75 percent but not less than 1.5 Euros per kg. At current prices and exchange rates, 1.5 Euros would equate to about a 160 percent ad valorem duty on bone-in hams, or about $0.90 per pound.
Through the first 10 months of 2008, U.S. pork exports to Russia totaled 139,712 metric tons (308 million pounds), with nearly 90,000 metric tons (198.4 million pounds) of that in excess of the U.S. quota. These exports were subject to 60 percent duty or not less than 1 Euro per kg ($0.60 to $0.70 per pound).
At the same time as it made the pork quota announcement, the Ministry of Economics announced that it is reducing poultry import quotas by nearly 25 percent in 2009, from a planned 1,252,000 metric tons (2.76 billion pounds) to 952,000 metric tons (2.1 billion pounds) while increasing out-of-quota duties from 50 percent to 80 percent but not less than 0.7 Euro per kg. The U.S. quota was reduced from 931,500 metric tons (2 billion pounds) to 750,000 metric tons (1.6 billion pounds).
The beef quotas and duties will remain unchanged, with a U.S. quota of 18,500 metric tons (40.8 million pounds). In-quota duties are 15 percent and over-quota duties are 30 percent but not less than 0.3 Euros per kg.
Hong Kong Approves U.S. Beef Hanging Tender
Hong Kong authorities have approved the import of the U.S. beef hanging tender, a tender and flavorful steak item — hanger steaks. Plants approved for exporting beef to Hong Kong under USDA's Export Verification program can obtain health certificates for hanging tender exports as of Dec. 10. The U.S. regulation can be found at:
http://www.fsis.usda.gov/Regulations_&_Policies/Hong_Kong_Requirements/index.asp
USMEF is planning a small gathering in the near future to introduce the Hong Kong trade to the hanging tender.