Reading Time: 2 minutes Beijing | Reuters — China plans to delay a deadline for implementing new food import regulations by two years until October 2019, a senior EU official said on Tuesday, following a lobbying effort by Europe and the U.S. amid concerns about disruption to trade. The extension comes just days before the new rules, which are […] Read more
China delays deadline for implementing food import rules
Philippines’ Jollibee eyes deals to grow
Reading Time: 3 minutes Manila/Singapore | Reuters — Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp. into a near-4,000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth. Dominant at home, where Jollibee has 1,000 eponymous stores welcoming diners with its smiling […] Read more
WTO panel set up on China-U.S. row on grain import quotas
Reading Time: < 1 minute Geneva | Reuters — A World Trade Organization (WTO) dispute panel was set up Friday to rule on a U.S. complaint over Chinese import quotas on farm goods including wheat, rice and corn, a trade official said. The panel on tariff rate quotas (TRQs) for agricultural products was automatically established as it was the second […] Read more
U.S. seeks WTO dispute panel on China’s grain import quotas
Reading Time: < 1 minute Geneva | Reuters — The United States has requested a World Trade Organization panel be set up to investigate Chinese tariff-rate quotas (TRQ) for agricultural products, the WTO said on Monday, setting up a showdown between the two largest economies. The row, which includes tariffs for wheat, rice, and corn, was initiated under the Obama […] Read more
China’s Cofco to partner with Growmark on U.S. grain supply
Reading Time: 2 minutes Reuters — China’s state-owned Cofco International Ltd. (CIL) and U.S. farm co-operative Growmark on Friday announced a new grain supply partnership which they say will enhance links between U.S. grain production areas and global markets, including China. The partnership is the latest expansion move by CIL after it invested US$3 billion to buy Noble Group’s […] Read more
China promotes livestock farming to digest corn stocks
Reading Time: 2 minutes Beijing/China – China wants to turn its grain basket in the northeast into a national meat and dairy production base, said the agriculture ministry on Thursday, as part of a broader plan to create stronger demand for the region’s main crops. Heilongjiang, Jilin, Liaoning and Inner Mongolia account for around a quarter of China’s total […] Read more
China approves two more GMO crops for import
Reading Time: 2 minutes Beijing | Reuters — China has approved two more genetically modified (GMO) crops for import, the Ministry of Agriculture said, the second such move in the past month to expand access to biotech seeds as part of Beijing’s 100-day trade talks with Washington. The two new crops, approved from July 16 for a period of […] Read more
China’s requirements leave Canadian flax piling up
Reading Time: < 1 minute CNS Canada –– Stalled demand from a key international buyer has caused a buildup of flax inventories in Canada, with more crops on the way. Demand on the ingredient side of the flax market has been steady, said Mike Popowich of processing firm TA Foods at Yorkton, Sask. “But we’ve experienced a bit of a […] Read more
Syngenta ordered to pay Kansas farmers in GM corn case
Reading Time: 2 minutes Reuters — A U.S. jury on Friday ordered Syngenta to pay US$217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The verdict by a federal jury in Kansas City, Kansas, was announced by lawyers for the farmers, who blamed the […] Read more
U.S. beef speeds to China by air as ban ends
Reading Time: 2 minutes Chicago | Reuters –– The first shipment of U.S. beef to China under a new trade deal went airborne on Wednesday, a Nebraska meat company said, just two days after Washington finalized details to resume exports, ending a 14-year ban. Greater Omaha Packing Co. said it shipped beef by plane to China from Nebraska, a […] Read more
A message from April Stewart, Country Guide's Associate Editor
