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Farm to market yard arrivals remain steady while mill buying remains very weak.
Post revises its soybean production estimate for marketing year (MY) 2013/14 (October-September) to 9.5 MMT, a decrease of 1.0 million metric tons (MMT).
The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) postponed additional labeling requirements for pre-packaged foods, edible oils, and fats, until December 31, 2015.
India requires a variety of export certifications for imported food and agricultural products.
FSSAI published a draft Order for domestically produced and imported meat and poultry products that notes a procedure will be developed to inspect and monitor slaughtering and processing plants.
On November 25, 2014, India reported an outbreak of highly pathogenic avian influenza (HPAI) H5N1 to the World Organisation for Animal Health (OIE), and sent notifications through December 2014.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
India’s Food Safety and Standards Authority of India published its Strategic Plan of the National Codex Committee (NCC), per the Codex Alimentarius Commission’s mandate (CAC) for the period 2015-19.
FSSAI issued multiple final and draft amendments related to food additive and standards, contaminants and toxins, and labeling and packaging regulations.
U.S. exports of fish and seafood reached a record $5.3 billion in FY 2014. Recent growth in U.S. exports has primarily been due to increased volume rather than higher prices.
Post’s MY 2014/15 production forecast is revised lower to 30.4 million 480 lb. bales.
India has emerged as the world's largest milk producer, with production estimated at upwards of 140.5 million metric tons (MMT) in 2014.