China's first grain shipment to Taiwan in 53 years may be blocked because of restrictions on direct shipments of goods to the nation, the China National Grain & Oils Information Center said in a report.
Cofco Grains & Oils Import & Export Co (
"Restrictions on direct transport links and the fact that the move was made well into the fourth quarter will make it difficult to complete a shipment," the report said.
But an official at the Food China Network (
"It is possible that Cofco may need more time to receive the Chinese government's export license for the shipment ... but that doesn't mean the corn from China is blocked," said Kuo Hai-peng (郭海鵬), chairman of Food China.
"The shipment will arrive at Taiwan's ports in the middle of November," Kuo said.
On Monday, Taiwan's Board of Foreign Trade allowed the importation of corn from China as an "emergency measure" after US port closures in early October threatened a shortage of the grain. So far, the Taichung-based Federation of Swine Cooperatives (豬聯社) has placed an order with Cofco, buying 12,000 tonnes of corn.
Taiwan was the second-largest importer of US corn in the fiscal year ended Aug. 31, behind Japan, according to US Department of Agriculture figures.
Taiwanese purchases accounted for 10 percent of US corn exports.
However, Taiwan's decision to allow the importation of grain from China has been criticized by members of the domestic livestock industry, who warned the move could open the door to any number of animal diseases from across the Strait.
"With China's inadequate inspection and quarantine system, the possibility of contagious animal diseases finding their way into Taiwan via the imported grains is likely to increase," said Huang Ching-ho (
In fact, the possibility that direct shipments of grain from China could infect Taiwan's pigs with foot and mouth disease may indeed prompt Taiwan's quarantine officials to turn away the cargo, traders said.
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS