last release: April 2017
ACROSS THE BOARD
- As from 15 March, Turkey imposed a 130 percent ad valorem duty on imports of wheat, maize and vegetable oils for processing from the Russian Federation. Previously, the Russian Federation was on the list of supplying countries that benefited from the duty-free treatment.
- Citing rising fuel and electricity costs, Ukraine plans to increase cargo transportation tariffs in the summer months of 2017. According to the Ukrainian Grain Association, grain transportation costs have increased by 88 percent over the past 3 years.
- On 13 March, the US joined the FAO's International Treaty on Plant Genetic Resources for Food and Agriculture, which aims to ensure international food security through promoting sustainable use of agricultural plant genetic resources. The Treaty also covers most of AMIS commodities.
- The European Parliament's Committee on Environment, Public Health and Food Safety (ENVI) is asking the European Commission to phase out the use of palm oil as a component of biodiesel by 2020. According to the report, biodiesel made from palm oil has higher emissions than regular diesel and causes deforestation.
- On 2 March, Bill H.R. 1315 was introduced in the US House of Representatives. The bill would impose a 10 percent cap on the total ethanol blended into transportation fuel and set cellulosic biofuels at current production levels, as well as eliminate maize-based ethanol requirements. The bill was referred to the House Committee on Energy and Commerce for comments.
- On 21 March, the WTO Dispute Settlement Body established a panel to review India's complaint on measures implemented by the US to promote the renewable energy sector, including ethanol. Brazil, China, the European Union, Indonesia, Japan, Republic of Korea, the Russian Federation and Turkey were among the Members requesting third party rights.
PRESS STOP (February 2017)
- On 24 February, the National Supply Company (CONAB) of Brazil held auctions of Equalization Prize Paid to the Rural Producer and its Cooperative (PEPRO) and the Prize for Product Drainage (PEP) for wheat grains from the 2016/17 harvest. Under PEPRO, 120,000 tonnes will be offered in Rio Grande do Sul and 50,000 tonnes in Paraná. Under PEP, the offer will be 30,000 tonnes in Rio Grande do Sul and 50,000 tonnes in Paraná.
- On 18 February, the Government of China lowered the minimum purchase prices for rice in 2017 as follows: for early indica rice, medium and late Indica rice and Japonica rice prices are set at CNY 2,600 (USD 378), 2,720 (USD 396) and 3,000 (USD 437) per tonne, respectively. In 2016, the minimum support prices for those varieties were CNY 2,660, 2,760 and 3,100 per tonne (USD 409.06, 424.44 and 461.34), respectively.
- On 27 February, the Government of Indonesia announced that, in order to support market prices, it would continue to procure paddy rice until August 2017. The procurement price is currently set at Rp 3,700 (USD 278) per tonne.
- On 21 February, the Ministry of Agriculture in Republic of Korea announced that rice farmers would receive in 2017 about KRW 1.5 trillion (USD 1.3 billion) in subsidies as compensation for falling prices.
- On 24 February, President Jacob Zuma of South Africa launched new agriculture, land reform and rural development policies aiming at transforming the country's agricultural sector towards an inclusive rural economy through equitable access to land, efficient resource allocation, value chain development and promotion of functional rural settlement.