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Morning round-up, Monday August 19

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* Analyst firm APK-Inform said on Monday that Ukraine has exported around 5.16m tonnes of sunflower oil so far for the 2018-19 season which ends in August.

 

This is up from the 4.72m tonnes of oil exported during the 2017-18 season.

 

 


* India’s trade ministry said on Saturday that it would be investigating whether the increase in refined palm oil imports from Malaysia is harming the local industry.


According to data from the Malaysian Palm Oil Board, the country’s refined palm oil exports to India reached 1.57m tonnes in the first half of the year, an increase of 727% compared to 2018 exports.

 

 

 

* Canada will be paying $1.32bn over eight years to compensate dairy farmers facing more competition due to trade deals the North American nation struck with the EU and Pacific nations.


Agriculture Minister Marie-Claude Bibeau said that the government would not be making further dairy market-access allowances in future trade negotiations.

 

 

 

* Data from China’s Ministry of Agriculture and Rural Affairs showed that pork prices in the country have reached their highest level since 2016, driven by the fall in the country’s pig herd due to African swine fever.


Pork prices were up nearly 30% compared to the start of the year at CNY26.91 ($3.82) a kilogramme.

 

 

 

* Chinese customs officials said on Friday that the Asian nation would resume higher tariffs on Australian beef.


According to the country’s General Administration of Customs, eight categories of Australian beef have reached the safeguard amount of 172,411 tonnes set in a 2015 free trade agreement between the two countries.


Starting on August 17 imports of Australian beef will be subject to most-favoured nation rates instead of the lower tariffs made available under the agreement.

 

 


* The US Department of Agriculture said on Friday that Tyson Foods is recalling nearly 20 tonnes of frozen chicken patties produced under the company’s Weaver brand because they could be contaminated with extraneous materials.

 

 

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