Connect with:
Friday / November 22. 2024

logo
mobile-logo
HomePosts Tagged "Chile"
Acquaculture, Live Stock, World

China’s slow economic recovery impacting fishmeal and fish oil consumption

Cumulative total fishmeal production during the first ten months of 2023 was down by approximately 22 per cent compared to the cumulative production reported through October 2022, according to the IFFO reports. The predominant factor contributing to this decline must be attributed to the 60 per cent year-on-year decrease in Peru, whose activities were heavily affected by the El Niño phenomenon and the subsequent cancellation of the April-June first fishing season of the year.

As for fish oil, the total cumulative output in the first 10 months of 2023 was 20 per cent down year on year. The supply shortage in Peru (due to both fewer landings and lower oil yields) was here again the main cause for such negative performance. Chile remained the only country that registered a positive change year on year thanks to improved catches and higher-than-average oil yields in the South of the country.

The above figures are based on a list of countries considered in the IFFO reports – Peru, Chile, Denmark, Norway, Iceland, UK, Ireland, Faroe Islands, USA, South Africa, Ivory Coast, Mauritius and Spain

In Peru, around 66 per cent of the second fishing season’s quota had been landed in the north centre of the country. The early start of the second fishing season in the North-Centre of Peru, which took place in October and is usually scheduled in November, explains larger catches of small pelagics than usual when we compare October 2023 with October 2022.

In the USA, the menhaden fishing season officially ended in November. The new fishing season will resume in May 2024.

China’s slow economic recovery impacting fishmeal and fish oil consumption.

China’s domestic production of fishmeal and fish oil in quarter IV 2023 might exceed that reported in quarter IV 2022. Despite this, local fishmeal producers are encountering difficulties in selling their products due to a poorer demand and the abundance of standard quality fishmeal. As a result, the inventory of domestic fishmeal appears higher than it was a year ago. Cumulative imports of fishmeal from January to November have declined by 9.4 per cent year on year, in line with the weaker domestic demand from both aqua- and piglet feed producers and the reduced Peruvian supply.

China’s 2023 fishmeal consumption in aquaculture is not expected to surpass that of 2022, although a rebound in the global supply of marine ingredients might open new scenarios. Similarly, the pig sector is grappling with subdued prices, hovering around a low point. The anticipated higher seasonal demand for the period November-February has yet to materialise. At this point, farmers are banking on improvements in the second half of 2024.

China’s slow economic recovery impacting fishmeal and

Horticulture, North America, Supply Chain, Trade

Removal of additional retaliatory duties and additional rates for the import of US apples, walnuts and almonds will not result in any negative impact on domestic producers

With the decision to resolve six outstanding World Trade Organisation (WTO) disputes between the US and India through Mutually Agreed Solutions in June 2023, India has withdrawn additional duties on eight US-origin products, including apples, walnuts and almonds vide notification number 53/2023 (Custom).

Additional duties of 20 per cent each on apples and walnuts and Rs 20 per kg on Almonds were imposed on the US’s products in 2019 over and above the Most Favoured Nation (MFN) duty as a retaliation to the US’s state protectionist measure of increasing tariffs on certain steel and Aluminium products. These additional duties imposed by India on US-origin products have been withdrawn as the US agreed to provide market access to Steel and Aluminium products under the exclusion process. There is no reduction on the Most Favoured Nation (MFN) duty on apples, walnuts and almonds, which still applies to all imported products, including US-origin products, at 50 per cent, 100 per cent and Rs 100 per kg, respectively.

Further, DGFT, vide its notification number 05/ 2023 dated 8 May 2023, made an amendment in import policy for Apples under ITC (HS) 08081000 by applying MIP (Minimum Import Price) of Rs 50 per Kg for imports from all countries except Bhutan. Therefore, this MIP will also apply to apples from the US and other countries (excluding Bhutan). This measure would protect against the dumping of low-quality apples and from any predatory pricing in the Indian market.

This measure will not result in any negative impact on domestic apple, walnut and almond producers. Rather, it will result in competition in the premium market segment of apples, walnuts and almonds, thereby ensuring better quality at competitive prices for our Indian consumers. Thus, the US apples, walnuts and almonds would compete on the same level playing field as all other countries.

The market share of the US apples dwindled as other countries benefited from the imposition of additional retaliatory duties on the US apple and walnut imports. This is evident in the increase of apple imports from countries besides the US, from $ 160 million in FY 2018-19 to $ 290 million in FY 2022-23. Turkey, Italy, Chile, Iran, and New Zealand emerged as prominent apple exporters to India, effectively acquiring the market share once held by the US. Similarly, in the case of walnuts, the imports increased from $ 35.11 million in FY 2018-19 to $ 53.95 million in FY 2022-23, and Chile and UAE became the largest exporters to India. In the last three years, the import of almonds has been about 233 thousand MT, while domestic production is only 11 thousand MT, and India is highly dependent on imports. Therefore, the removal of additional duties will now ensure fair competition among the countries which are exporting these products to India.     

Removal of additional retaliatory duties and additional

AgroPolicy, Horticulture, Supply Chain, Trade

Apples from the US to compete on the level playing field with other countries

With the decision to the resolution of six outstanding World Trade Organisation (WTO) disputes between the US and India through mutually agreed solutions as jointly communicated during the official state visit of the Prime Minister to the USA, India will remove additional duties on eight US products, including apples.  

The decision will not result in any negative impact on domestic apple producers and will result in competition in the premium market segment ensuring better quality at better prices for consumers.

After the removal of this duty, the apples from the US would compete on a level playing field with other countries.

The decision will ensure that only premium quality apples could be imported for which there exists a specific market segment and specific demand.

An additional 20 per cent duty was imposed on US apples in 2019 in response to USA’s measure to increase tariffs on certain steel and aluminium products. There is no reduction on Most Favoured Nation (MFN) duty on apples which is still applicable on all imported apples including in the USA at 50 per cent.

The import of apples from the world has been stable in the range of $ 239 – 305 million (except in 2021-22 when it was $ 385 million) in the last five financial years since the application of these additional duties on US apples. The import of apples from the USA has decreased from $ 145 million (127,908 Ton) in FY 2018-19 to only $ 5.27 million (4,486 Ton) in FY 2022-23.

The market share of the US apples was taken by other countries due to the imposition of additional retaliatory duty on US apples. This is reflected as the import of apples from countries other than the US increased from $ 160 million in FY 2018-19 to $ 290 million in FY 2022-23. Turkey, Italy, Chile, Iran and New Zealand are other top exporters to India of apples which took the market share of the US.

Apples from the US to compete on

Company News, Organic, Supply Chain, Transportation, World

This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world

ONIT Sciences announced that MGX will serve as the exclusive authorised distributor for ONIT’s innovative organic products across three major agricultural regions.

“This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world,” stated Jeff Moses, president of ONIT Sciences. “MGX is a proven performer, with a world-class team and deep connections to major crop producers in each region they serve. We are extremely excited to open these new markets and help support organic initiatives in countries that have been harmed by chemical farming protocols.”

MGX will carry all ONIT Science products, including its flagship ONIT Grow, a powerful bio-stimulant, surfactant and soil amendment that uses all-natural, organic ingredients to penetrate even the toughest plant surface to stimulate plant vigour and yield. Increases in yield have been documented as high as 40 per cent in some crops. Also available through MGX are the company’s ONIT Input Plus and ONIT Input products, which help farmers significantly reduce costs by enhancing the uptake and absorption of any nutrient, fertiliser or other input that it is mixed with.

“At MGX, we are excited about this new opportunity that will be a great extension to our existing lineup of quality products.  From our initial research, we can see that ONIT’s organic products will be well received within the agricultural communities and within the governments,” stated Moe Negin, Founder of MGX Global Trade Canada Corp. “Our mission is to give back to local communities in rural areas by supplying environmentally sustainable products to help our planet and for healthier future generations.”

Territories covered by this exclusive Authorized Distributor agreement include:

South America

Colombia, Peru, Brazil, Mexico, Panama, Argentina, Chile

Middle East/North Africa
Algeria, Turkey, Dubai, UAE, Bahrain, Egypt, Oman, Libya, Saudia Arabia, Qatar, Kuwait, Lebanon, Iraq, Israel, Jordan, Syria, Tunisia, Yemen

Philippines

This agreement with MGX is evidence of

AgroPolicy, Allied Industry, India, North America, Supply Chain, Sustainability, Trade

The main areas of cooperation envisaged are Agricultural policies for the development of modern agriculture, Organic agriculture to facilitate the bilateral trade of organic products

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Government of India and the Government of Chile for cooperation in the field of Agriculture and Allied sectors.

The MoU provides for cooperation in the field of agriculture and allied sectors.  The main areas of cooperation envisaged are Agricultural policies for the development of modern agriculture, Organic agriculture to facilitate the bilateral trade of organic products, as well as promote the exchange of policies aimed to develop organic production in both countries, Science and innovation to explore partnerships to promote innovation in the agricultural sector among Indian Institutes and Chilean institutes as well as collaborate to confront common challenges. 

Under the MoU, a Chile-India Agricultural Working Group will be constituted which will be responsible for the supervision, review and assessment of the implementation of this MoU as well as for establishing frequent communication and coordination.

The meetings of the Agricultural Working Group will be held once a year alternatively in Chile and India.  The MoU shall enter into force upon its signature and shall remain in force for a period of five years from the date of execution after which it shall be automatically renewed for a further period of 5 years.

The main areas of cooperation envisaged are

Poultry

To certify, the company had to undergo 200 science-based standards covering everything from adequate space to proper temperature, air

Chile-based Agrosuper, the Las Cornizas broiler chicken farm is the first in South America to earn certification from American Humane the largest certifier of animal welfare in the world.

To qualify as an American Humane Certified producer, Agrosuper’s Las Cornizas broiler chicken farm had to meet the programme’s rigorous requirements, including nearly 200 science-based standards covering everything from adequate space to proper temperature, air and water quality, the ability to express natural behaviours and much more.

Agrosuper also voluntarily agreed to undergo stringent, yearly audits by expert, independent, third-party auditors to ensure the programme’s standards are being implemented correctly.

To certify, the company had to undergo