Asia

Shuanghui secures $4 billion bank loan

This week Shuanghau International Holdings Inc. announced it has signed a $4 billion loan agreement from a consortium of eight banks, part of the financing the Chinese pork giant needs to acquire Smithfield Foods. FULL STORY »

Coalition issues principles for TPP agreement

An ad hoc coalition of agricultural and food organizations led by the National Pork Producers Council and Cargill has communicated to U.S. trade negotiators its “core” principles for a final, successful Trans-Pacific Partnership (TPP) trade agreement. FULL STORY »

Japanese delegation impressed with U.S. hog farmers

The love of pork is a feeling known on both sides of the Pacific. While Americans are indulging a bacon craze, the Japanese are devouring American pork. FULL STORY »

Opposition to Smithfield deal grows louder

Not everyone approves of Shuanghui International‘s proposed purchase of global pork titan Smithfield Foods, and now a coalition of farm, rural and consumers organizations are speaking out against the deal. FULL STORY »

Election results show Japan’s support for TPP

In a signal of support for the country’s participation in the Trans-Pacific Partnership (TPP) negotiations, voters in Japan backed Prime Minister Shinzo Abe by returning his Liberal Democratic Party (LDP) to power in the House of Councillors of the National Diet. Abe strongly supports the TPP. FULL STORY »

Do black hot dogs pass the taste test? Play video

At one Japanese restaurant, an unusual menu item is piquing customer interest – black hot dogs. FULL STORY »

USMEF: Producer team in Japan to observe marketing activities

The U.S. Meat Export Federation (USMEF) is hosting a contingent of U.S. beef, pork, soybean and corn producers in Japan this week for a firsthand look at specific marketing activities for U.S. beef and pork. FULL STORY »

Smithfield Foods bid reflects China’s quality issues

A Chinese pork producer’s bid for Smithfield Foods Inc. is an attempt to anticipate where broader demand for agricultural goods will head as incomes rise in China, economist Paul Bingham told Agriculture Transportation Coalition conference attendees. FULL STORY »

NPPC: U.S. ag benefits from Japan in TPP talks

Increased pork exports resulting from a Trans-Pacific Partnership (TPP) agreement would create more than 20,000 direct and indirect U.S. pork-related jobs, with the vast majority generated by Japan alone, said the National Pork Producers Council (NPPC) at a press conference held on Monday. FULL STORY »

China’s tide of dead pigs passes 13,000

Chinese officials have removed more than 13,000 pig carcasses from a river near Shanghai, China’s financial capital. This number has more than doubled since last week’s report of 6,600. FULL STORY »

Japan supported by U.S. ag to join Pacific trade talks

Japan will seek to join negotiations for a wide-ranging, multilateral free-trade pact with the United States and other Pacific nations, and agricultural associations in the U.S. are supportive of the move. FULL STORY »

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