Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 


Home > News

Taiwan Impacted as Agricultural Trade Disrupted by Coronavirus

25.02.2020 15:25 "Agro Perspectiva" (Kyiv) Following are selected highlights from a report issued by a U.S.Department of Agriculture attache in The Taipei (Taiwan), as of February 10, 2020, Taiwan is beginning to feel the trade impacts of the outbreak of the Novel Coronavirus (2019-nCoV) due to vessel delays and newly introduced country-by-country quarantine measures. Most international shipping vessels operate on routes or strings between major North American, Asian, and African ports. These vessels call on a series of destinations transporting consumer goods via containers to the United States and backhauling containers full of agricultural and other exports to major world markets. Any delay on a vessel string can have a cascading impact that reduces availability and increases costs to export shippers. Taiwan is normally not the only destination for container ships, neither is it the first stop in Asia, thus is it vulnerable to disruptions caused by the actions of neighboring countries. Australia and Vietnam have recently both announced 14-day quarantine requirements on any vessels outbound from China, thereby delaying vessels in transit through these major hubs. Other nations may follow suit. Seven of the worlds top ten container ports are in in China. Normally during the Chinese Lunar New Year- Spring Festival, most steamship lines (SSLs) skip one to two port call due to reduced demand and idled ports. However, to date, almost all major steamship lines, including Maersk, MSC, Hapag-Lloyd, ONE, and CMA-CGM, have announced additional vessel skips or delays. So far, Taiwans two major SSLs, Evergreen and Yang Ming, have been sending out private notifications but have not made any public announcement of additional vessel delays. Contacts report that international grain and other agricultural exporters are struggling to fulfill certain commitments due to logistical delays. Furthermore, contacts among grain traders are commenting that this is the worst period of delay since the 2015U.S.West Coast port strike. To illustrate this, contacts in the trade report that some export shipments will be delayed to March or even April and that there is a risk of force majeure on existing contracts. Exports of livestock products could be disrupted as vessels risk idling off coasts to meet new quarantine requirements and closures could put existing shipments of perishable products stuck in port at risk for spoilage. These issues come at a time when many international shippers were already expecting increased costs as SSLs raise or impose higher low-sulfur fuel charges due to new environmental regulations. Offered prices are increasing as vessel space remains limited and nCoV-2019 adds to an increasingly challenging start to 2020. Air cargo is also being disrupted. On Monday, February 3, 2020, British Airways IAG Cargo cancelled all services to and from China for the remainder of the month. DHL has been quoted as reporting that there are, severe disruptions to inbound and outbound air cargo shipments, trucking and rail cargo services. Moreover, UPS announced an agreement with its pilot union that flying to China will be voluntary amid the continued outbreak. FedEx has announced that international flights have not been affected, but local logistics within China has. Many highly perishable agricultural products often move via air cargo, further increasing the strain on export shippers looking for alternatives given container delays. Again, logistical issues affecting China are expected to ripple outward to Taiwan and neighboring economies. In summary, U.S. agricultural exports to Taiwan and other destinations in Asia face many logistical and transportation challenges coming out of the Lunar New Year holiday due to the Novel Coronavirus and these are not expected to ease soon.

Agro Perspectiva

< Hunger threatens over half of the population in South Sudan All news for
25.02.2020
Total Russian grain exports in MY 2019/2020 may reach 45MMT >

02.04.2020  
16:00 World food prices drop in March
15:50 Polish chicken meat production will reach 2.2 MMT in 2020
01.04.2020  
13:00 Covantis launches as legal entity, announces CEO and executive appointments
31.03.2020  
14:40 Poland. First Large 2020 ASF Outbreak Hits Commercial Farm Near German Border
13:30 Rada adopts law on farmland market opening in Ukraine from July 1, 2021
24.03.2020  
11:15 Q&A: COVID-19 pandemic impact on food and agriculture
09:35 CNH Industrial names Chair Suzanne Heywood as Acting Chief Executive Officer
23.03.2020  
12:45 Brazil chicken production to increase by 3.2 percent
10:25 Cargill joins efforts to increase cocoa productivity in Pará while restoring forest areas
10:10 Grain Imports to Suffer as Jordan Struggles with Low Growth in 2020
20.03.2020  
14:28 Ukraine grain export reached 43.992 million tons as of March 20, 2020
14:26 EBRD and EU commit fresh funds to support Ukrainian businesses
18.03.2020  
18:03 Coronavirus will hit economies across all EBRD regions
16:40 Ukraine grain export reached 43.627 million tons as of March 18, 2020
17.03.2020  
12:10 Kazakhstan. Ag Ministry Outlines Support Programs for 2020
14.03.2020  
20:46 EBRD unveils EUR1 billion emergency coronavirus financing package
13.03.2020  
12:40 Green Climate Fund approves a $119 million climate resilient project for Cuba
11.03.2020  
10:55 Canada shifts rapeseed exports to offset lost China sales
10:20 European Union has exported more barley in the first quarter of 2019/20
10.03.2020  
16:25 Argentina: New Export Tax Rates in Argentina
09.03.2020  
12:30 Coronavirus outbreak helps push FAO Food Price Index down
06.03.2020  
16:35 Verkhovna Rada appoints Shmyhal as Prime Minister of Ukraine
14:30 World cereal production estimates revised upwards
11:35 World food prices drop in February
04.03.2020  
14:20 Allen elects to retire as Deere Board chairman May 1st
13:25 Japan: Dairy Certificate Updated to Satisfy New Food Safety Law
02.03.2020  
17:15 Ukraine grain export reached 40.867 million tons as of March 2, 2020
15:25 Economy Ministry estimates grain harvest in Ukraine in 2020 at 65-70 mln tonnes
15:20 Ukrspyrt sees 62% rise in spirit sales, UAH 2.6 mln of net profit in Jan
15:10 Balance of single treasury account expands by UAH 5.1 bln in Feb treasury
29.02.2020  
18:25 FAO welcomes 17 million contribution from Germany to combat the impact of the Desert Locust upsurge in East Africa
28.02.2020  
20:25 FAO welcomes European Union contribution of 11 million to fight Desert Locust outbreak
19:35 Ramping up the fight against Fall Armyworm
19:25 Harnessing Artificial Intelligence's transformative power to make food systems more efficient, sustainable and inclusive
27.02.2020  
11:50 Cargill launches plant-based patty and ground products
26.02.2020  
15:35 Canada: Consultations on Proposed Supply-Managed TRQ Administration Options
25.02.2020  
20:43 Indonesia Confirms African Swine Fever Outbreak
19:35 Total Russian grain exports in MY 2019/2020 may reach 45MMT
15:25 Taiwan Impacted as Agricultural Trade Disrupted by Coronavirus
23.02.2020  
14:30 Hunger threatens over half of the population in South Sudan
21.02.2020  
17:23 Wheat export prices decreased again
17.02.2020  
17:02 Casein export prices remained stable during the week
16.02.2020  
18:56 Ukrainian crude sunoil quotes
16:51 Black sea wheat prices fell again
10:43 Prices for Ukrainian whey decreased
13.02.2020  
21:55 DP World entering Ukraine via buying controlling stake in TIS Container Terminal Ukraine
21:05 IMF notes active dialogue with Ukraine on new program, finds it difficult to name possible term for its approval
12.02.2020  
23:45 Taiwan: Taiwan Requires New Dairy Certificates Effective May 1, 2020
23:00 Cabinet Establishes State Debt Management Agency
22:35 Foreign Sorghum Exports Lowest Since 2005/2006

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
.      1991 . .      1991 .
2002 -2020 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com