Archive for the Fornazor International Tag
Trade War is on Pause
On Saturday December 1 President Trump and President Xi Jinping of China met at the G20 summit to discuss trade and tariffs in Argentina.
Following the meeting President Trump announced the US would leave the tariffs on $200 billion worth of product at the 10% ratge, and not raise it to 25% at this time. China agreed to immediately start purchasing agricultural product from US farmers.
Additional negotiations on a variety of trade topics will continue for the next 90 days.
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Rebranded NAFTA now includes Canada, Mexico and the USA
U.S. President Donald Trump will sign a successor to the North American Free Trade Agreement (NAFTA) that will make modest revisions to a previous deal which was killed. This new agreement will ease uncertainly for companies reliant on tariff-free commerce.
The 24-year-0ld NAFTA will now be superseded by the U.S.-Mexico-Canada Agreement, or USMCA, covering a region that collectively trades more than $1 trillion annually.
The new deal is to have more cars and truck parts made in North America. Also, Canada was holding firm on charging high tariffs on US dairy products. Canada has a complex milk and dairy system. To ensure Canadian dairy farmers don't go bankrupt, the Canadian government restricts how much foreign dairy can enter to keep milk prices high. In the end, Canada is keeping most of its system in place, but is giving a greater market share to the US dairy farmers. That means US dairy farmers can probably send a lot more milk protein concentrate, skim milk powder and infant formula to Canada.
Continue ReadingEver Wonder How Animal Feed is Made?
AFIA (American Feed Industry Association) has a great short film on the four basic steps involved in producing animal food: receiving, formulating, mixing and packaging. Take a look:
Continue ReadingUSSEC Conference in Cairo Egypt, September 2018
Kevin Sinnott, President of Fornazor International, was an invited guest speaker at the USSEC fifth annual Regional Dairy Nutrition Conference. He discussed export logistics from the USA to the Middle East.
The MENA region is home to 380 million people or six percent of the global population. The countries of Egypt, Tunisia, Morocco, Saudi Arabia and Israel import over 150,000 metric tons of U.S. Soy and the region represents four percent of total U.S. Soy exports.
Pictured are Kevin Sinnott and Dr. Dave Gast, Director, Nutrition & Technical Servi
ces, Ag Processing Inc.
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Percentage of US Agricultural Production Exported
Feed Navigator E Magazine Reports on Fornazor’s Super Pro Plus Halal Certified Vegetable Protein
Fornazor International, an award winning American commodity exporter, was featured in the July 24th issue of Feed Navigator.
Coverage was reported on the recent Halal certification of Super Pro Plus Vegetable Protein Concentrate.
For the full article:
Continue ReadingFornazor International Receives Halal Certification for its Vegetable Protein
Fornazor International's Super Pro Plus, the all natural, 100% vegetable protein, is now Halal certified by Islamic Services of America.
This protein concentrate is intended for use in layer, breeder and broiler rations. It's a dense energy concentration, with a highly digestible protein and an ideal amnio acid profile. It has many of the same attributes of animal proteins, without any added animal protein sources.
A typical analysis has a protein level over 58%.
Available in 25kg poly bags, 50 kg poly bags, jumbo bags and bulk containers.
Halal certified.
For more information, call Fornazor International at 201 664 4000, New Jersey, USA
America and China’s Tarriff Trade War Begins
At 12:01 am on July 6th, the US/ China trade war officially began.
In an article from the New York Times,
"A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products, a significant escalation of a fight that could hurt companies and consumers in both the United States and China.
The penalties, which went into effect at 12:01 a.m., prompted quick retaliation by Beijing. China said it immediately put its own similarly sized tariffs on an unspecified clutch of American goods. Previously, the Chinese government had said it would tax pork, soybeans and automobiles, among other goods."
For the full article, go to:
www.nytimes.com/2018/07/05/business/china-us-trade-war-trump-tariffs.html
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Wall Street Journal: The Trade War’s First Casualties
On June 23rd, the Wall Street Journal reported "investors are likely to get hit before the U.S. and Chinese economies feel the pain, meaning the trade feud could escalate."
"The U.S. has already put tariffs on steel and aluminum and will add a 25% tariff on $50 billion in Chinese imports starting next month. China is matching the U.S. tariff for tariff. These actions have sent U.S. steel prices higher and U.S. soybean prices lower."
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