Following a post-Brexit trade breakthrough of December 8, 2023, the UK and the European Union (EU) will exploit common fisheries beginning 2024. The EU will gain access to EUR 1 billion ($1.093 billion) of fish stocks to Britain’s £970 million ($1.22 billion). The billion-Euro financial estimate of EU’s stocks comes from the current wholesale prices of fish, with inflation adjustment. Fishing vessels on both...

Nepal to field formal onion request with India
Onion-tight Nepal has decided to sound the alarm and request for onions following India’s restrictions on exports. An unidentified official at the Industry Ministry in Nepal said on December 18 that the government will implore India for onion imports. The government wishes to extend courtesy to Nepal’s onion traders, who have sent in a similar request. The official said that since...

Onion prices in the UAE at record high without imports from India
Onion prices in the United Arab Emirates (UAE) have soared multiple times after the main supplier, India, banned exports. The price jumped from AED 3 ($0.82) per kilo in January to AED 4.95 ($1.33) a kilo in December 2023. The rate for imported white onions, on the other hand, is around AED 7.95 ($2.16) per kg at local supermarkets. This price surge echoes that...

Seaborne wheat on the line as Red Sea trade under attack
Four of the five largest shipping firms in the world will veer from the Red Sea route due to attacks. This decision has put oil and seaborne wheat shipments on the line. Yemeni Houthis have intensified attacks on ships they link to Israel, a country also facing war-fueled trade disruption. The Iran-supported rebels claim to have targeted three vessels in December,...

East Asian meat report: Korea targets dog meat industry, Philippines eases meat imports
South Korea intends to end profitable dog meat business, even as the Philippines announces cuts in 2023 meat imports. These two happenings are rocking the East Asia meat scene in the holiday season when meat consumption is usually high. In South Korea, the new bill seeks a stoppage in rearing dogs for meat production as well as their slaughter. Seoul intends to...

Organic flower farm in Montana receives Biden/USDA grant
An organic flower farm in Huson, Montana, the County Rail Farm, has received a $250,000 grant by the U.S. Department of Agriculture (USDA). This comes as a part of President Joe Biden’s commitment to drive organic farming in rural America. The farm, which is located in Montana, grows vegetables and blooms by organic means without using pesticides. This package is a part of $2...

Agriculture in South Africa slips by 9.6% in Q3, consumer inflation slows
End-of-year data by Stats SA (Statistics South Africa) shows a quarter 3 decline in the agricultural sector by 9.6%. This is even as the long-standing consumer inflation slowed by 5.5% in November. The decline owes mainly to a slump in the cultivation of crops, low supply in animal products and port delays. The three factors edged the production part of the GDP...

UWL: Sun Chief Express providing “a complete rethinking of the traditional carrier model” in Trans-Pacific agricultural shipping
UWL is one of the major shipping and logistics providers offering trans-Pacific cold storage shipping for American and Asian clientele. Besides its cutting edge on-board refrigeration for perishable freight, the firm also provides warehouse storage and in-house customs brokerage. One of UWL’s trailblazing services is the Sun Chief Express service from Seattle to Asia, a total “rethinking of the traditional carrier...

Main navel orange harvest ends in scenic Luodian county, China
Thanks to the mild subtropical and humid climate of southern China, Luodian county in Guizhou has successfully completed its main navel orange harvest. The harvest for this very popular variety of oranges in China began in mid-November 2023, with late-maturing navels ready by early spring, 2024. According to China Daily, fair monsoon weather and fertile terrain boosted the harvest in the county’s 2,313 hectares under navel oranges....

USDA-NASS to finalize 2023 US crop report January 12
The U.S. Department of Agriculture (USDA) and the National Agricultural Statistics Services (NASS) will finalize the yearly crop report on January 12, 2024. Partially compiled from crop production and grain surveys, the report presents the Crop Production Annual Summary and the Grain Report. These two documents are important prediction sheets for marketers and farmers alike. Grain and oilseed production figures will...