Japan is likely to cut its high import tariffs on USA’s beef and pork and slightly ease tight restrictions on rice imports in order to seal Trans-Pacific Partnership (TPP) trade deal
Food & Commodity
South Korea and EU agree on single certificate for organic trade
Effective 1 February 2015, South Korea and the EU will be able to sell organic products with one certificate, issued in either the East Asian nation or in Europe
Indian tyre makers to help local rubber farmers
In a bid to arrest the price fall in India, 17 India-based tyre companies have agreed to procure natural rubber from domestic market at 25 per cent rate higher than the international price
China cuts corn imports from USA
China has clamped down corn imports from the USA by 500,000 tonnes this year over claims of containing a genetically modified variety not approved by Beijing
Chocolate headed towards global shortage, warn producers
The world will run out of cocoa by 2020 and even bumper crops may not be able to keep up with soaring demand from Asia, biggest international confectionery manufacturers have warned