World

Smithfield pork deal earns WH Group executives $600 million bonus

Two senior executives of China's biggest pork producer WH Group Ltd received a combined $600 million payout for helping the Chinese company seal last year's record $4.9 billion takeover of U.S.-based Smithfield Foods Inc, an unusually high incentive for an acquisition. FULL STORY »

China's corn rejections cost companies $427 million

China has rejected nearly 1.45 million tons of U.S. corn shipments since late last year, according to a U.S. grain industry association, the Wall Street Journal reported on Friday. FULL STORY »

U.S. may give up demand for zero Japan beef tariffs in trade deal

The United States appears willing to accept a big cut in Japanese tariffs on beef imports rather than insist on scrapping the levy, the Nikkei business daily said on Friday, as the two countries seek a trade deal seen as vital to a broader regional pact. FULL STORY »

The boy is back? Risk of El Nino this year increases

A U.S. weather forecaster said on Thursday the chances that the El Nino phenomenon will show up by summer are exceeding 50 percent. FULL STORY »

Big gaps remain between U.S. and Japan in trade talks

Big gaps remain between the United States and Japan after two days of top-level talks on a bilateral trade deal that is vital for a broader regional pact, negotiators on both sides said on Thursday. FULL STORY »

Japan, United States face off in crucial trade negotiations

Japan and the United States on Wednesday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult. FULL STORY »

Japan, fresh from Australia pact: U.S. trade talks "difficult"

Japan, fresh from clinching a trade deal with Australia, said on Tuesday it hoped for a similar result in negotiations with the United States and also for a broad regional trade pact, but said the talks would be difficult. FULL STORY »

USMEF: Red meat exports remain strong in February

Buoyed by double-digit export growth to Mexico – the largest volume market for all U.S. red meat exports – U.S. pork and beef exports performed well in February despite growing concerns about tight supplies and rising prices, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation. FULL STORY »

Committee on sustainability assessment, U.N. launch report

The Committee on Sustainability Assessment (COSA), joined by the five UN agencies of the United Nations Forum on Sustainability Standards and leading global firms, recently launched "The COSA Measuring Sustainability Report". FULL STORY »

EU to take Russia to WTO in pork ban dispute

The European Union said on Thursday it would soon take Russia to the World Trade Organisation to try to push Moscow to lift its ban on pork exports from the bloc, in a row that has been intensified by the crisis in Ukraine. FULL STORY »

China rejections of U.S. corn top 1 million tons

China canceled purchases of 221,400 tonnes of U.S. corn last week, the U.S. Agriculture Department said on Thursday, bringing the total to more than 1 million tons of corn rejected since November in a dispute involving a biotech variety not approved by the No. 3 buyer of U.S. grain. FULL STORY »

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