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July 3, 2023

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July 3, 2023 | Journal of Commerce 53 www.joc.com Classifieds & Marketplace second chart. When the line is above the zero axis, it indicates the extent to which more TEUs have been received than what the trend line would indi- cate. Conversely, when the line is below the axis it indicates a period of deficit, where there are TEUs to be made up to get back up to trend. The line expresses this data in terms of percent of annual volume over the previous 12-month period. You can see that the surge created a huge overhang that topped out in September of last year at about 12.5% of the previous 12 months of imports. Since then, the surplus has been declining rapidly. The analy- sis indicates that as of April 2023, approximately 1.2 million more TEUs have been received than the trend line would predict. This remaining overhang was 4.4% of the preceding 12 months' import volume. So over the past seven months, the overhang has been reduced by approximately two-thirds. If this pace of reduction is maintained, then the surplus will be completely gone in another two or three months. Of course, there's absolutely no guarantee that the decline will end once the trend is achieved. We could easily overshoot and go back into negative territory, creating a deficit versus trend. History says that is quite likely to occur. And that doesn't take into account the potential for a recession, which certainly would make the potential continuation of depressed volume far more likely. The silver lining is that, in all likelihood, defi - cits that may occur versus the trend represent "volume in the bank" that will be made up for in the future by higher levels of activity. JOC email: lgross@intermodalindepth.com The current deficits are not necessarily indicative of a "meltdown" but rather simply the market self-correcting aer a period of excess demand. AARQ Association for the Administration of Rice Quotas, Inc. NOTICE OF OPEN TENDER – UK TRQ Following the exit of the United Kingdom (UK) from the EU Customs Union on December 31, 2020, independent bids are invited for rights to ship U.S.-origin milled rice to the UK under an allocation to the UK of a tariff-rate quota (TRQ) granted by the EU to the United States. Bids must be submitted on August 3, 2023 for the October 2023 UK TRQ Tranche, in which the following quantity is available for the UK: Volume (metric tons) UK Duty Semi-Milled or Milled Rice 3,238 zero (HTS item 1006.30) TRQ Certificates will be awarded to the highest bidder(s). Any person or entity incorporated or domiciled in the United States is eligible to bid. The minimum bid quantity is 18 metric tons and the minimum bid price is $15/MT. Performance security (the lesser of $50,000 or the total value of the bid) must be submit- ted with each bid. Potential bidders may obtain the required bid forms and bid instructions from: AARQ Administrator TRQ Services, LLC 2001 L Street, NW, Suite 500, #50122 Washington, D.C. 20036 Tel: (202) 987-2972 E-Mail: aarq@trqservices.com Website: https://aarq.net Note: Potential bidders should consult regulations in the UK to determine the appli- cable tariff rate on semi-milled/milled rice. AARQ disclaims any responsibility for advising potential bidders on applicable tariff rates. JOC0966 COLOM-PEQ Colombia Poultry Export Quota, Inc. NOTICE OF OPEN TENDER (RESCHEDULED) Independent bids are invited for rights to ship U.S.-origin chicken leg quarters to the Republic of Colombia under a tariff-rate quota (TRQ) granted by the Republic of Colombia to the United States under the U.S.-Colombia Trade Promotion Agreement. B i d s m u s t b e s u b m i t t e d o n T h u r s d a y , J u l y 6 , 2 0 2 3 B i d s m u s t b e s u b m i t t e d o n T h u r s d a y , J u l y 6 , 2 0 2 3 b e t w e e n 9 : 0 0 a . m . a n d 5 : 0 0 p . m . E a s t e r n D a y l i g h t T i m e ( E D T ) b e t w e e n 9 : 0 0 a . m . a n d 5 : 0 0 p . m . E a s t e r n D a y l i g h t T i m e ( E D T ) S h i p m e n t P e r i o d : J u l y 1 7, 2 0 2 3 – D e c e m b e r 3 1 , 2 0 2 3 S h i p m e n t P e r i o d : J u l y 1 7, 2 0 2 3 – D e c e m b e r 3 1 , 2 0 2 3 The following quantity is available: Total Volume for Colombian All HTS Nos. Colombian HTS Number (Metric Tons) Duty Leg Quarters, fresh or chilled 0207.1300.A ) Leg Quarters, frozen 0207.1400.A ) 10, 407 Zero Leg Quarters, seazoned & frozen 1602.3200.A ) The product must be imported into Colombia on July 17 or before December 31, 2023. TRQ Certificates will be awarded to the highest bidder(s). Any person or entity incorporated or domiciled, with a legal address, in the United States is eligible to bid. The minimum bid quantity is 1 metric ton; the minimum bid price is $44 .08/metric ton (i.e., $0.02/pound). Bids must be submitted in dollars and cents per metric ton. Bids should not be submitted in amounts that include fractions of a cent. The Certificates of Quota Allocation will be awarded to the highest bidder(s). I m p o r t a n t : I m p o r t a n t : 1. Each bidder must submit a performance security in the amount of $50,000 or half of the total value of the bid(s), whichever is less. 2. The deadline for submitting a performance security is the day AFTER the auction date (i.e., by 6:00 p.m. on Friday, June 9, 2023). 3. Bids must be submitted electronically at https://www.colom-peq.org/online_bid_form.html. Fax or other forms of bids will not be accepted. Potential bidders may obtain the required bid forms and bid instructions at: www.colom-peq.org or by contacting the COLOM-PEQ Administrator, DTB Associates, LLP. Submission of a bid constitutes acceptance of all bid instructions and conditions. Colombia Poultry Export Quota, Inc. (COLOM-PEQ) c/o DTB Associates, LLP 1101 15th Street, N.W. Suite 202 Washington, D.C. 20005, USA Office phone: (202) 684-2512, Fax. (202) 684-2234 E-mail: administrator@colom-peq.org – Website: www.colom-peq.org JOC0964 7 N O T I C E N O T I C E

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