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FAS Weekly Attache Report Digest
January 5, 2005

 

FAS Daily Attache Report Digest
 

 

 

Annual

 

JAPAN, January 5, 2005 -- Japanese Unshu Mikan (tangerine) production for 2004 is estimated to be 1.069 million MT, down 6.8% from the previous season due mainly to typhoon damage. The Mikan harvest area declined 2.2% but yields were higher. Japan's oranges market was good in 2003. Prices were stable and fruit quality was high. Japanese imports of U.S. oranges are expected to increase in 2004 because of a high quality U.S. crop. Japan imported record amounts of Florida grapefruits in 2003 with imports of over 12 million cartons. The 2003 crop had excellent quality fruit with high Brix levels that attracted Japanese consumers. Japanese imports of Florida grapefruit in 2004 will be significantly reduced due to hurricane damage to Florida citrus crops. The Japanese fresh lemon market has been fairly stable, with total imports of 85,101 MT in 2003.

 

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Nutella - An Italian Success Story and Cultural Fascination

 

ITALY, January 5, 2005 -- In the 1940's, Pietro Ferrero, a pastry maker and founder of the Ferrero Company, created an economical spread of mixed cocoa and hazelnuts called Nutella that would soon become a standard item in every Italian home. This success has now become international as Nutella is sold in more than 100 countries worldwide, netting Ferrero more than $ 850 million a year. All this without any DOC protection

 

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Mexico Announces quota for U.S. Chicken Leg Quarters for 2005

 

MEXICO, January 5, 2005 -- On December 29, 2004, Mexico's Secretariat of Economy published in Mexico's "Diario Oficial" the 2005 quota ("cupos") for imports of U.S. chicken leg quarters.

 

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Update on China's Cotton Classification Reform

 

CHINA, PEOPLES REPUBLIC OF, January 5, 2005 -- This report summarizes recent developments on China's reforms of its cotton classification system that were announced on December 17, 2003.

 

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January to November Trade

 

CHINA, PEOPLES REPUBLIC OF, January 5, 2005 -- China's Imports of agricultural, fishery, and forestry products climbed an additional $2.9 billion during November 2004 to a total of $32.3 billion for the first eleven months of the year. China Customs data indicates U.S. origin imports reached $7.3 billion. Worldwide imports consist primarily of soybeans, cotton, palm and soybean oils. Exports, $24.8 billion, for the first eleven months of the year, consist primarily of processed forestry and aquatic products. Japan remains China's largest export destination for ag, fish, and forestry goods, but U.S. destination exports climbed nearly 30 percent from the same period in 2003.

 

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Monthly Rice Trade

 

THAILAND, January 5, 2005 -- Thailand rice exports will likely reach the all time high of around 9.9 million tons in CY 2004.

 

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Demise of the State Grain Inspection Service

 

RUSSIAN FEDERATION, January 5, 2005 -- The Government of Russia resolved recently to eliminate the State Grain Inspection Service and transfer its essential functions to other Government entities. However, the transfer process and implementation parameters for those remaining functions are not yet spelled out, and that uncertainty could have negative consequences for grain and grain products trade.

 

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Palm Oil Import Tariffs Increased

 

RUSSIAN FEDERATION, January 5, 2005 -- The Russian Government recently increased import tariffs for palm oil in boxes, barrels, bins, and cans from five to 15 percent, with a minimum rate of not less than 0.12 Euros per kilogram. This Resolution follows similar increases in import tariffs on animal and vegetable fats and oils in small packages.

 

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Russia to Experience Delays in TRQ and Quota Distribution for Second Year

 

RUSSIAN FEDERATION, January 5, 2005 -- The Russian Government has experienced delays in issuing full implementing regulations for the 2005 poultry quota and beef and pork tariff rate quotas (TRQ). Even if the necessary resolutions are passed before the New Year holidays, most Russian imports of U.S. poultry and pork will not resume until at least February 2005.

 

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Rice Weekly Update

 

VIETNAM, January 5, 2005 -- Vietnam export prices were offered USD3-4/mt higher from previous period. New deals were limited from short of marketable rice quantity. For 2005, Ministry of Agriculture and Rural Development (MARD) set plan for rice production is 36 million tons of paddy and rice export is range from 3.8 to 4.0 million tons.

 

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