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worldbank | 1Q2024 corn, wheat prices, April 2024 starving Africans
The World Bank's food price index eased in early April after falling by about 4 percent in 2024Q1 (q/q), to a level 9 percent lower than a year earlier.
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Both wheat and maize prices hit three-year lows during the quarter, with the downtrend continuing in early April. The decline in maize prices was attributed to competitively priced offers from the Black Sea region, larger production in major exporters, and favorable prospects for the next harvest, with global maize production in the 2023-24 season expected to increase by 6 percent to an all-time high. Downward pressure on wheat prices derived from robust exports from Russia nd Ukraine and the second-highest global production on record in 2023-24. The collapse of the Black Sea Grain Initiative had minimal fallout, as Ukraine has so far been able to continue
exporting via seaborne corridors and new overland routes.
pap.pl | Farmers' protest action in front of the Grebennoye checkpoint has ended, 29 Apr
"I didn't agree to another protes. Among the reasons are losses incurred by merchats, customs agencies and customs wharehouses. I understand frmers, but it is impossible for the residents of the municipality to constantly suffer," the mayor stressed.
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The main demands of farmers are the elimination of the "Green Rate" and blocking the import of agricultural products fom Ukraine.
S&P Global | Polish manufacturing downturn reaches two-year mark in April, 2 May
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Polish goods producers remained optimistic about the likelihood of higher output in the next 12 months. A number of firms were hopeful of a recovery in market conditions and higher exports. That said, growth forecasts were the weakest in six months and below the long-run trend.###
pap.pl | Poland's GDP growth is expected to reach 2.9 percent this year, while inflation is expected to reach 3.9 perceent, 2 May OECD forecast
by Cat on Thu May 2nd, 2024 at 08:30:45 PM EST
[ Parent ]
bloomberg | Global Food Roundup: Fears over Higher Prices and Unfair Trade, 10 May illustrated
...Bad weather and war are threatening to keep the world's wheat supplies under strain. Bumper Black Sea harvests have long kept a lid on prices and wheat is trading at half its record set in 2022, but futures have rebounded to hit the highest since August and funds are trimming bearish bets that they've held for almost two years....
ibid worldbank corn, wheat prices
ChatGPT | US plans to impose major new tariffs on EVs, other Chinese green energy imports, 10 May "competition"
Tariffs on electric vehicles, in particular, could quadruple—from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement. The tariffs, expected to be announced Tuesday [14 May], come as officials across the Democratic administration have expressed frustration over China's manufacturing "overcapacity" of EVs and other products that they say pose a threat to U.S. jobs and national security.
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yahoo! bloomberg | China's EV Exports to EU Slump at Start of Year Amid Probe (26.03.24)
Tuesday's announcement is expected to keep in place some tariffs that were imposed during Trump's administration, covering about $360 billion in Chinese goods. The new tax on imports would add products such as Chinese syringes and solar equipment.
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archive Jan 11th 2020

reuters | Biden set to impose tariffs on China strategic sectors, source says, 10 May

Details on the precise value or categories of tariffs that would be imposed were sketchy, but the administration was said to have zeroed in on areas of interest within strategic competitive and national security areas, the person said.
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In 2022, Biden launched a review of the Trump-era policy under Section 301 of the U.S. trade law. Last month, he called for sharply higher U.S. tariffs on Chinese metal products. The Biden administration has also been pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.
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"retaliation"
GT | Even higher tariffs cannot protect the US automotive industry, 12 May
The White House declined to comment. The US side is currently reviewing the tariffs on Chinese goods imposed during the Donald Trump era. Chinese new energy products represented by EVs have garnered particular attention. However, it's generally believed that considering the "almost zero" number of EVs exported from China to the US, even if the new tariffs are implemented, they are unlikely to immediately impact Chinese electric car companies. What the US will do next matters more about a portrayal of its own national reputation.
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Some analysts believe that in addition to domestic political considerations, if the US really imposes high tariffs, it also intends to put pressure on the EU at this moment. Some former US government officials also stated that they want to involve developing countries such as Brazil and India with the US to do so.
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scmp | China's EV makers, unfazed by US, European export curbs, will push overseas vehicle shipments to new heights (06.05.24)
Looking at it from a different perspective, can high tariffs and trade barriers really protect the US automotive industry? The US steel industry is a case in point. As early as 2017, when the US issued anti-dumping and countervailing duty orders on imports of stainless steel sheet and strip from China, the Global Times pointed out in an article that China's steel exports to the US are insignificant, and the root of the US steel industry's problems lies not in so-called "unfair competition" or lack of sufficient protection, but in its long-standing monopoly position and lack of emphasis on relying on technological progress to improve production efficiency.
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archive Laggards in Electric Vehicles
by Cat on Sun May 12th, 2024 at 10:51:09 PM EST
[ Parent ]
by Cat on Thu May 16th, 2024 at 11:12:59 PM EST
[ Parent ]
Is the EU already in a trade war with China?, 28 May luxury goods redux
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But that's not all, is it?
Absolutely, the EU has launched probe after probe this year. With the latest investigations into steel pipes, the food additive essential amino acid lysine and the taste component food additive vanillin, the count stands at no less than 13. None are as high-profile as the electric vehicle case, but that doesn't mean Beijing won't take notice.
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reference
tron.trade.ec.europa.eu | Trade defence investigations: Case AD708 - Vanillin
Countries investigated: People's Republic of China
Timeframe and key steps: intiation, provisional, definitive
archive We cannot change the geology in Europe

What is Vanillin in Food? Types, Production, Uses, and Differences with Vanilla extract
"Vanillin, with the chemical formula C8H8O3, is the world's most used flavoring agent in food and beverages. It is the vanilla extract alternative that provides a similar smell and taste of vanilla extract. It is both naturally occurring and synthetically produced."

Nielsen Massey, "2023 vanilla bean crop report"
Madagascar, Comoros, Uganda, Indonesia, Tahiti, Mexico, other Growing Regions (Papua New Guinea, Tanzania, Ecuador, Honduras, Costa Rica, Haiti, Nicaragua)
"The Madagascar 2023 vanilla crop is expected to be one of the best harvests in the last two decades, forecast at 2500 tons with exceptionally high quality. Unfortunately, only 1400 tons were exported from the 2022 harvest, which has led to an oversupply situation."

Trade defence investigations: Case AD706 - Lysine
Countries investigated: People's Republic of China
Timeframe and key steps: intiation, provisional, definitive
archive our companies are excluded from foreign markets

Mount Sinai Health Library, Lysine
"naturally occurring "

PubChem, Lysine (Compound)
uses and manufacturing viz. EUR-LEX classification, European Chemicals Agency (ECHA)

Journal of Industrial Microbiology and Biotechnology, Expanding lysine industry: industrial biomanufacturing of lysine and its derivatives, 2018 RoW
"L-Lysine is widely used as a nutrition supplement in feed, food, and beverage industries as well as a chemical intermediate. At present, great efforts are made to further decrease the cost of lysine to make it more competitive in the markets. Furthermore, lysine also shows potential as a feedstock to produce other high-value chemicals for active pharmaceutical ingredients, drugs, or materials.

by Cat on Tue May 28th, 2024 at 01:15:31 PM EST
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