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FAS Daily
Attache Report Digest
Annual
KOREA, REPUBLIC OF, April 11, 2005 -- In MY 2006, Korea's
sugar imports and human consumption are expected to increase
slightly to 1.68 MMT and 1.2 MMT. Local wholesale prices for
refined sugar, stable at an average of 666/kg since July
2002, are expected to increase in 2005 in response to
increasing international sugar prices.
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This Week in Canadian Agriculture, Issue 13
CANADA, April 11, 2005 -- * Negative Injury Determination
Terminates Trade Case Against Canadian Live Swine * Canadian
Hog Industry Welcomes Hog Case Ruling * Low Profitability
Could Reduce P.E.I. Potato Area in 2005 *Grain Companies Set
to Work Together * Report Labels Supply Management Outdated
and Politically Driven
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Reference Prices for Chicken Leg Quarters
MEXICO, April 11, 2005 -- No summary available.
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Annual
KOREA, REPUBLIC OF, April 11, 2005 -- In MY 2006, Korea's
sugar imports and human consumption are expected to increase
slightly to 1.68 MMT and 1.2 MMT. Local wholesale prices for
refined sugar, stable at an average of 666/kg since July
2002, are expected to increase in 2005 in response to
increasing international sugar prices.
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Annual 2005
CHINA, PEOPLES REPUBLIC OF, April 11, 2005 -- The MY05/06
sugar output is forecast at 10.91 MMT (raw value). The
MY04/05 sugar import estimate has been revised upward to 1.4
MMT from the previous estimate of 1.2 MMT because of reduced
sugar output and steady growth in consumption. Drought
damage to sugar cane was the main reason for the 6 percent
decline in overall sugar output in MY04/05. Cane and beet
acreage are forecast to rise by 100,000 HA or 6 percent in
MY05/06 because of the relatively high sugar prices the
previous year.
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Annual
PHILIPPINES, April 11, 2005 -- Philippine raw sugar
production is likely to drop over the next two years due
primarily to a weak demand for sugar and current low
millgate prices. Demand for sugar, particularly by
industrial users, has been sluggish partly as a result of
the relocation of the manufacturing operations of a few
multinational companies to other countries in the region, as
well as the growing demand for imported sugar-containing
food and beverage products.
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Annual
NIGERIA, April 11, 2005 -- Nigeria depends exclusively on
sugar imports to satisfy demand. In 2004/05, we estimate
that at least 70 percent of the imports were refined
locally. The major suppliers are Brazil, Guatemala and the
EU. Sugar consumption is increasing steadily by four percent
annually in step with growth in population and in industries
utilizing sugar as raw material, such as food and beverages.
Effective January 1, 2005, the GON banned imports of sugar
not fortified with Vitamin A. Technically, the new directive
prevents refined sugar from entering Nigeria legally. Coca
Cola Co. and other industrial users of sugar whose
operations are affected by the ban have requested import
waivers from the GON. The duty on raw sugar is five percent
and on refined sugar 40 percent.
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Annual Report
ARGENTINA, April 11, 2005 -- Argentine sugar production for
Marketing Year (MY) 2005/06 will reach a record 2.05 million
metric tons (MMT- raw value basis) as a result of good
profitability in the sector that has invested heavily in
improving efficiency at the farm and mill levels. However,
static domestic consumption will force the industry to
export over 500,000 MT of surplus to maintain a balanced
local market and profitable prices.
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