Drought in Russia: Grain region particularly affected
In Russia, the main region for grain cultivation has been experiencing dry conditions for weeks. This is likely to result in lower yields and poorer quality than previously expected.
The Chinese government maintains its anti-dumping investigation against EU pork. However, Beijing has not imposed any punitive tariffs so far.
China has extended the anti-dumping investigation against EU pork, giving European exporters a temporary reprieve. A decision on potential trade restrictions such as punitive tariffs is still pending. The Chinese Ministry of Commerce cited the "complexity" of the case in a brief statement. The investigation into EU pork exports is expected to continue at least until December 16, 2025.
China initiated the anti-dumping investigation nearly a year ago, citing alleged price pressure from EU suppliers. European politicians have repeatedly dismissed the accusations as unfounded. Industry representatives have also expressed doubts about the plausibility of the dumping allegations, noting that pork exports to China have been declining for years.
Observers believe that the anti-dumping investigation into pork, as well as similar cases involving European brandy and dairy products, is a tactic by China in the ongoing dispute over the delivery of electric cars to Europe. Last summer, the EU imposed retaliatory tariffs on Chinese imports of EU cars.
The recent delays in decisions on the brandy and pork cases could be attributed to a tentative rapprochement between Beijing and Brussels. The EU has indicated a willingness to enforce minimum prices for Chinese cars instead of imposing tariffs. Additionally, the Chinese government has hinted at preferential treatment for European companies in export applications for rare earths.
Media reports suggest that these issues will be discussed at a landmark summit between the EU and China scheduled for July, which aims to commemorate half a century of diplomatic relations between Beijing and Brussels. Whether a resolution on major trade issues will lead to relaxation in agricultural trade remains to be seen.