Friday, April 11, 2025

Nothing Beats A Good PCC OR PDW πŸ›‘️⚔️

Compact ✅ Deals? ✅
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GAIN Reports from April 10, 2025

GAIN Template Header

The following GAIN reports were released on April 10, 2025.

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China: SCTC and GACC Announcements and Guidance on Additional Tariffs for All Goods from the United States

On April 9, 2025, the Ministry of Finance State Council Tariff Commission (SCTC) announced that China will impose additional retaliatory tariffs on all U.S. goods. According to SCTC 2025 Announcement No. 5, the duties would be an additional 50 percent on the current applicable tariff basis and the tariffs would follow the same parameters as announced on April 4, 2025, in SCTC Announcement No. 4. Additionally, on April 9, the General Administration of Customs of China (GACC) issued procedural guidance in GACC 2025 Announcement No. 58 related to the customs declaration procedures for goods affected by the retaliatory tariffs and destined for bonded trade. This report provides an unofficial translation of the SCTC and GACC announcements; the accompanying SCTC press release; a reference table of current tariffs and retaliatory tariffs applied to U.S. agricultural, fishery, and forestry products; and the original Chinese text of the April 9 announcements.

 

Portugal: Food Processing Ingredients 2025

In 2024, Portugal imported $413 million worth of agricultural, fish, and forestry products from the United States, up 40 percent compared to the previous year. Outside the European Union Member States, the United States was the third main origin of Portuguese agricultural and related imports. Portugal is a net importer of agricultural and related products. The agri-food industry is a strategic sector for Portugal, in terms of economics, employment, regional development, and food sovereignty, among others. With a robust and dynamic food and beverage industry and a well-developed and export-oriented food and beverage industry, Portugal's food processing sector continues to offer opportunities for U.S. food ingredients. This report provides guidance to U.S. companies interested in exporting food products to Portugal, including an overview of the country's economic situation, market structure, and export requirements.

 

Uruguay: Oilseeds and Products Annual

Uruguayan soybean production in marketing year (MY) 2025/26 is forecast at 3.1 million metric tons (MMT), slightly below the previous year's record harvest due to a modest reduction in planted area as farmers shift some acreage back to corn. Despite this, soybean remains Uruguay's leading summer crop, buoyed by strong yields and stable export demand, particularly from China. Domestic crushing remains limited, with just under 10 percent of total production processed locally, primarily at a single large facility. Crush is forecast to increase slightly to 170,000 MT, generating 135,000 MT of soymeal and 30,000 MT of soybean oil, most of which will be consumed domestically in the modest livestock industries. Uruguay continues to export the bulk of its soybean production as whole beans, with China and Argentina as top markets, while importing soymeal and oil to meet domestic feed and food industry needs.

 

 

For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.


This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud on behalf of: USDA Foreign Agricultural Service · 1400 Independence Avenue, SW · Washington, DC 20250 GovDelivery logo

Your "dream" inheritance?

Turning this crash into opportunity

An incredible knack for sorting through post-crash (or actively crashing) markets and finding opportunities for big winners...
 

Note from Marc: My friend Eric Wade has an incredible knack for sorting through post-crash (or actively crashing) markets and finding opportunities for big winners. Below are his thoughts about what to do right now – and why your actions over the next 24 hours could be critical for your wealth...


Dear Reader,

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