More than 70 nutritionists, purchasing managers and other decision makers attended the South Asia Trade Exchange, jointly organized by the U.S. Grains Council (USGC) and the U.S. Soybean Export Council (USSEC), in Colombo, Sri Lanka, earlier this month.
The U.S. Grains Council (USGC) recently participated in a U.S. Department of Agriculture (USDA) agricultural trade mission to India, led by new Undersecretary of Trade and Foreign Agricultural Affairs Ted McKinney. As part of that mission, the Council led an ethanol delegation that included Council members and ethanol industry association leaders.
India’s new tax structures for 1,200 goods and 500 services, in place as of July 1, are intended to simplify the country’s complex and hard-to-administer tax code but could have mixed effects on imports of U.S. ethanol.
The U.S. Grains Council (USGC) recently signed a memorandum of understanding (MOU) with Gujarat Cooperative Milk Marketing Federation (GCMMF), the largest dairy cooperative in India, beginning work to revolutionize the current model of dairy calf rearing in India and marking the most aggressive form of USGC programming in that country to date.
By Kevin Roepke, U.S. Grains Council Regional Director for South and Southeast Asia
In recent months, India has become a major importer of U.S. ethanol - the sixth largest buyer for January through November of 2015. Now, the country appears to be in the market for corn.
Activities in Europe and India last week gave members of the U.S. Grains Council (USGC) and its partners in ethanol export promotion new opportunities to demonstrate the value of U.S. ethanol as a clean-burning source of fuel for consumers globally.
A team of U.S. ethanol industry representatives led by U.S. Department of Agriculture (USDA) Undersecretary for Farm and Foreign Agricultural Services Michael Scuse traveled to India last week to discuss opportunities for developing clean energy solutions, technologies and policies.
Seven representatives from the U.S. Grains Council (USGC), Growth Energy and the Renewable Fuels Association (RFA) as well as USDA participated in the mission, which was aimed at strengthening the level of cooperation and coordination between the ethanol industries of the two countries.
The United States Department of Agriculture’s (USDA) World Agricultural Supply and Demand Estimates Report (WASDE) out this week showed a U.S. corn crop for the 2014/2015 marketing year of almost 361 million metric tons (14.2 billion bushels), with yields projected at 10.7 tons per hectare (171 bushels per acre).
The latest yield and production estimates represent a slight reduction from previous estimates, but both remain at historic levels. The 2014/2015 marketing year will again offer another large crop for export.
World Trade Organization (WTO) members failed last week to overcome objections from India that vetoed the implementation of the Trade Facilitation Agreement (TFA), an integral part of the WTO Ministerial agreement adopted last December. Ignoring the commitments it made at the Bali ministerial, India insisted that a permanent agreement must be reached on public stockholding for food security purposes before it would sign on to the TFA.
With the onset of summer, hot and dry conditions swept across many of India’s key agricultural areas. Due in part to the El Niño weather phenomenon, monsoons essential to Indian agriculture are not coming as quickly as expected, leading to speculation over production and prices for summer crops.