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PARIS (Reuters) - Renault, Volkswagen (VOWG_p.DE) and Fiat Chrysler led a 29.8 percent European car sales surge last month, the main regional industry body said, as automakers used discounts to clear inventory ahead of tougher emissions tests. Registrations across Europe rose to 1.17 million cars, well above usual levels for the slow month of August and the 902,870 achieved in the same month last year, Brussels-based ACEA said on Wednesday. The tougher new Worldwide Harmonised Light Vehicle Test (WLTP) became mandatory on Sept. 1, forcing carmakers including Renault and Volkswagen to halt deliveries of some model versions that had yet to be re-certified for emissions.
Ahead of the deadline, many boosted financial incentives and registrations of their own new vehicles to be sold on the used car market, analysts have said, “Some auto manufacturers offered pre‐WLTP vehicles at extremely attractive prices,” ACEA said, “As a result, double-digit percentage gains were registered in many EU countries.”, The numbers published on Wednesday for the European Union and four European Free Trade Association (EFTA) countries reveal that golf ball cufflinks France’s Renault posted the steepest increase in regional sales, with a 56.4 percent gain, Its alliance partner Nissan’s sales rose 46.3 percent..
(This September 19 story has been refilled to correct word order in paragraph 20). By Josephine Mason, Hallie Gu and Karl Plume. BEIJING/CHICAGO (Reuters) - The executive from one of China’s biggest soybean crushers sat on a panel at a Kansas City agricultural exports conference, listening to an expert beside him explain why China would remain dependent on U.S. soybeans to feed its massive hog herds. When his turn to speak came, Mu Yan Kui told the international audience of soy traders that everything they just heard was wrong. Then Mu ticked off a six-part strategy to slash Chinese consumption and tap alternate supplies with little financial pain.
“Many foreign business people and politicians have underestimated the determination of Chinese people to support the government in a trade war,” said Mu, vice chairman of Yihai Kerry, owned by Singapore-based Wilmar International, The comments echo a growing confidence within China’s soybean industry and government that the world’s largest pork-producing nation can wean itself off U.S, soy exports – a prospect that would decimate golf ball cufflinks U.S, farmers, upend a 36-year-old trading relationship worth $12.7 billion (10.04 billion pounds) last year, and radically remap global trade flows..
Just one prong of the strategy Mu detailed - to slash soymeal content in pig feed - could obliterate Chinese demand for U.S. soybeans if broadly adopted, according to Reuters calculations. Cutting the soy ration for hogs from the typical 20 percent to 12 percent would equate to a demand reduction of up to 27 million tonnes of soybeans per year – an amount equal to 82 percent of Chinese soy imports from the United States last year. Chinese farmers could cut soymeal rations by nearly half without harming hogs’ growth, experts and academics said.
Soy meal provides the protein and amino acids that pigs need to thrive, but reducing their use will be easier in China than elsewhere because farmers here have long included more soy than needed to keep their hogs healthy, according to industry experts in China and the United States, The standard 20 percent ration dates to a recipe promoted by U.S, soybean industry advocates in the 1980s as they entered what was then a newly opened market for foreign investment, Most Chinese pig farmers have continued to use high levels of soymeal even as their U.S, counterparts reduced soy content after advancing the science of optimising feed ingredients golf ball cufflinks to provide the best nutrition at the lowest cost..
Major Chinese agriculture firms have recently started adopting the same tactics, but the nation’s pork sector remains dominated by smaller operations that - until now - didn’t have a strong financial incentive to justify the time and expense required to overhaul feeding systems and formulas, industry experts said. Now, China’s 25-percent tariff on U.S. soybeans - a retaliation against levies by U.S. President Donald Trump on a wide range of Chinese imports - is accelerating the push to slash soymeal rations.
“The Sino-U.S, trade tensions will inevitably promote the wider application of this know-how,” said Yin Jingdong, professor in animal nutrition golf ball cufflinks at China Agricultural University, A feed mill owned by Beijing Dabeinong Technology Group Co, for instance, plans to eliminate imported U.S, soybeans from its feed mix by October, said Zhang Wei, a manager at the mill, one of China’s top farmers and feed makers, The firm will replace soy imports with more cornmeal and alternative protein sources, including domestically produced soymeal, which has typically been grown for human consumption..