Weekly global protein digest: China eliminates tariffs on Brazilian poultry, friendly cold storage report, US dairy report

Published 2024년 3월 1일

Tridge summary

China has dropped tariffs on Brazilian poultry and authorized Russian pork imports, while the USDA has initiated a trial for faster slaughter facility operations. The USDA's cold storage report shows a decline in US beef stocks and a less than average rise in pork stocks. Dairy producers can enroll in the 2024 Dairy Margin Coverage program from Feb. 28, 2024. The USDA's Agricultural Marketing Service has completed a final rule to provide clarity on violations of the Packers and Stockyards Act. Senators Jon Tester and Chuck Grassley are opposing riders on the USDA funding bill that would prevent new rules promoting competition in the meatpacking industry. Meanwhile, milk production remains steady across the US, and total organic product sales reached $9.585 billion in 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2019, China imposed tariffs ranging from 17.8% to 34.2% on Brazilian poultry imports to prevent "dumping" on its market. To address concerns about pricing, Brazilian poultry firms signed "price commitments" with the Chinese government. However, President Luiz Inácio Lula da Silva stated on social media that the tariffs have now dropped to zero. Brazil's Foreign Ministry confirmed that the tariff expired on Feb. 17, signaling improved competitiveness for Brazilian poultry in the Chinese market. China’s customs service authorized three Russian enterprises to ship pork to the country from Feb. 28, Russian agricultural watchdog Rosselkhoznadzor said. Pork products packaged after that date of registration will be allowed for delivery into China. USDA's Food Safety and Inspection Service (FSIS) has initiated a new time-limited trial (TLT) allowing certain slaughter facilities to operate at swine line speeds up to 1,106 head per hour (hph) and higher speeds until Jan. 15, 2025. The ...

Source: The Cattle Site