imports Archives - Page 12 of 19

India reduces tariffs on lentils

Reduction set for all lentil imports except from U.S.

By MarketsFarm Team, GFM Network News June 2, 2020

MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more

CME July 2020 lean hogs with 20- and 50-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Lean hogs lower on China trade worries

CME live cattle close lower

By GFM Network News June 2, 2020

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell Monday on worries that deteriorating relations between the United States and China, the world’s biggest pork importer, could inhibit U.S. pork sales to the Asian nation, traders said. China told state-owned firms to halt purchases of soybeans and pork from the United States, […] Read more

CBOT July 2020 soybeans with 20- and 50-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans end fractionally lower amid China trade woes

Corn pulls back on fair weather; wheat slips as U.S. harvest gets underway

By GFM Network News June 1, 2020

Chicago | Reuters — U.S. soybean futures closed fractionally lower after a choppy session on Monday as brokers weighed pressure from rising U.S.-China trade tensions against news of fresh U.S. soybean sales to the Asian country, traders said. Corn fell on an above-average planting pace and fair weather forecasts across the Midwest that should support […] Read more

General, Markets, Reuters

China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

By GFM Network News June 1, 2020

Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold, […] Read more

ICE July 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Extradition ruling not the only anchor on canola

By GFM Network News May 28, 2020

MarketsFarm — Although ICE July canola finished $1.30 per tonne lower Wednesday, at $463.50, following a ruling on the extradition of Huawei executive Meng Wanzhou, Wayne Palmer said there’s much more to the decline in the price. While Palmer, a trader with Exceed Grain in Winnipeg, called the ruling “a nail in canola’s coffin,” he […] Read more

U.S. Agriculture Secretary Sonny Perdue holds a U.S. flag-themed face mask while speaking about the U.S. food supply chain as President Donald Trump listens during a COVID-19 pandemic response event at the White House on May 19, 2020. (Photo: Reuters/Leah Millis)

Beef Cattle, Livestock, Markets

President’s cattle call finds expected marks in U.S.

Trump suggests killing trade pacts with unnamed cattle-exporting nations

By Dave Bedard, GFM Network News May 21, 2020

U.S. President Donald Trump’s remarks Tuesday about imports of live cattle into the United States resonated predictably among that country’s various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he “read yesterday where […] Read more

CME July 2020 lean hogs with 20-, 50- and 100-day moving average. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Hog futures fall

Live cattle futures firm while slaughter numbers rise

By GFM Network News May 19, 2020

Chicago | Reuters — U.S. hog futures fell on Tuesday, pressured by an increase in daily slaughter totals as pork plants come back online, traders said. CME live cattle futures firmed despite rising kill numbers, with the most-actively traded contract passing through a key technical benchmark. The nearby CME June live cattle futures contract settled […] Read more

Beef Cattle, Livestock, Markets, Reuters

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

By GFM Network News May 19, 2020

Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to […] Read more

Fresh bread in Egypt. (Goldream/iStock/Getty Images)

General, Markets, Reuters

G20 ag ministers say COVID-19 measures shouldn’t disrupt food supply

By Reuters, GFM Network News April 21, 2020

Dubai | Reuters — Agriculture and food ministers from the Group of 20 (G20) countries agreed at a virtual meeting on Tuesday that emergency measures to stop the spread of the COVID-19 coronavirus must not upend global food supply chains. Their extraordinary meeting came as coronavirus lockdowns across the world slow global food supply chains, […] Read more

Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Turkey may see larger red lentil crop

By MarketsFarm Team, GFM Network News April 14, 2020

MarketsFarm — Turkey is expecting to see an increase in lentil production in 2020, according to a processor in the country. White bean production is also expected to rise, although chickpea production could be down slightly on the year. Fethi Sonmez, CEO of Turkey-based Armada Foods, expects to see red lentil production in the country […] Read more

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

GFM Network News