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Morning round-up, Thursday September 26

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* The US and Japan have signed a trade deal that will open the Asian country’s markets to $7bn worth of American agricultural goods.

 

According to US President Donald Trump, Japan will either lower or completely get rid of tariffs on American beef, pork, wheat, corn, cheese “and so much more”.

 

Mr Trump called the deal a major win for US farmers and ranchers.

 

 


* Colombian President Ivan Duque said on Wednesday that coffee-producing countries should work together to close the earnings gap between farmers and buyers.

 

According to Reuters, the low coffee prices paid by buyers have led to some Colombian farmers struggling to make ends meet, with many looking to other crops to boost their income or selling their farms.

 

President Duque told representatives from 30 coffee-growing countries that it is up to them to help close the gap between “those that trade the product and those that really produce it in the most rural areas of our countries”.

 

 


* China’s efforts to boost pork production in the country seem to be paying off according to Yang Zhenhai from the Ministry of Agriculture and Rural Affairs’ Animal Husbandry and Veterinary Bureau.

 

Mr Zhenhai said that various policies aimed at supporting and boosting pig production, which came into effect earlier this month, are helping the country’s hog herd recover gradually.

 

Measures introduced by the Chinese government include subsidies to support pig farm construction and reduced land costs.

 

 

 

* According to Buenos Aires Grains Exchange, Argentina’s 2019-20 wheat harvest is projected to reach a record-breaking 21m tonnes.

 

The country’s soybean harvest for the same period was expected to reach 51m tonnes. Corn was forecast at 50m tonnes for 2019-20.

 

 


* South Korea has identified its sixth cases of African swine fever.

 

The country’s agriculture ministry said on Wednesday that the latest outbreak was found the near the country’s border with North Korea.

 

Test results for another suspected case came back negative for the deadly swine disease.

 

Reuters reported that South Korea has thus far slaughtered more than 200,000 pigs to stem the spread of the disease.

 

 


* Industry analyst, Govindbhai Patel said on Wednesday that India’s palm oil imports for the 2019-20 season are likely to jump 2% compared to the year before.

 

Mr Patel said that this increase in imports is due to higher consumption and lower local supplies.

 

He estimated that India’s total palm oil consumption for the 2019-20 period will reach a record 23.6m tonnes.

 

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