peanut stocks

EU Suspending Tariffs on Peanuts

Dan Exports/Imports, Peanuts, Tariff

In a sign of easing trade tensions, the U.S. and European Union agreed late last week to suspend tariffs on a variety of products, including peanuts. While for now, it’s only a temporary removal of the tariffs, Tyron Spearman reports it’s still good news for the U.S. peanut industry.

Ag Export Destinations Shift Over Previous 25 Years

Clint Thompson Export/Import, Exports/Imports

The U.S. is the world’s second-largest agricultural trader after the European Union. U.S. agricultural exports grew significantly over the last 25 years, from $46.1 billion in 1994 to $126.7 billion in 2019. It’s no surprise that Canada and Mexico are two of the top destinations. The elimination of agricultural trade barriers through the 1994 North American Free Trade Agreement, which …

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U.S. China Postpone Trade Deal Review

Clint Thompson Export/Import, Exports/Imports, Soybeans, Trade

The U.S. and China have postponed a review of the Phase One trade deal as China continues to buy large amounts of U.S. farm commodities. The two sides were set to meet over the weekend, but the delay allows China more time to buy U.S. crops. However, the postponement arose over scheduling conflicts, according to Reuters. Saturday marked the six-month …

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Trump: China Phase Two Agreement Unlikely

Clint Thompson Export/Import, Exports/Imports

President Donald Trump recently told reporters a Phase Two agreement with China is not likely. The President said aboard Air Force One last week, “I don’t think about that,” adding, “The relationship with China has been severely damaged.” Bloomberg News reports the Trump administration continues to pressure China over the COVID-19 outbreak, alleging a cover-up by China, among other things. …

Sommet de l’Élevage Announces Expansion Plans

Randall Weiseman Cattle, Export/Import, Livestock

Big expansion plans for an already huge global livestock show is among the news coming out of the Sommet de l’Élevage in south central France this week. This year’s Sommet welcomed nearly 90,000 visitors and coordinators hope to see that number grow in the coming years. AgNet Media Founder and President Gary Cooper has been in France covering the event. …

U.S. and EU Producers Talk Beef Trade at Sommet de l’Élevage

Randall Weiseman Cattle, Export/Import, Livestock, Trade

Now that U.S. producers have established their presence at the Sommet de l’Élevage, they are now talking potential beef trade with the European Union. The Sommet is the EU’s largest livestock show in which exhibitors and attendees are encouraged to make business connections. Renee Strickland, who is representing the U.S. Livestock Exporters Association, has said that one of her goals …