Below you'll find a list of all posts that have been categorized as “Export/Import”
About 20 to 25 percent of the peanuts in America are exported to foreign countries and other areas. The main two buyers are of course Mexico and Canada. They’re our next-door neighbors. But in February this year the U.S. exported 54,792 metric tons. That is an increase of 49 percent compared to that same period last year. The increase was driven by …
The U.S. Department of Agriculture has announced an expanded partnership with the Export-Import Bank of the United States (EXIM). This partnership is expected to increase domestic ag production and exports, while reducing the ag trade deficit. In addition to this partnership, USDA also announced the launch of the Financial Assurance to Revitalize Markets Initiative, an effort to strengthen and modernize …
To no one’s surprise, the Federal Reserve Board expected to leave interest rates unchanged at the conclusion of their meeting. Looking at CME’s FedWatch tool shows a better than 90% chance rates will not change at the June meeting or July meeting. There is no meeting in May. There’ll be a new Fed chairman when the board does meet in June …
Addressing non-tariff barriers have been central to agricultural trade negotiations and we sat down with Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg to learn more. Under Secretary Lindberg said, “To me it’s actually one of the best stories of the past year. We have had a remarkable shift in the way in which our team at the U.S. …
It looks like the peanut industry is going to get a three million dollar grant. It’s a two-year implementation window and because of export promotion program. The Trump administration announced this week the recipients of the America First trade promotion program. The grant was 285 million dollars but only 165 million was awarded at this time. And they said the peanut industry and …
The Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg recently led a group of farmers to Vietnam on an agricultural trade mission and we spoke with Under Secretary Lindberg to get his insights on those discussions. Under Secretary Lindberg said, “The Vietnam one to me was a great story of opportunity. So the U.S.-Vietnam economic relationship is one that’s …
During testimony on Capitol Hill last week, U.S. Secretary of Agriculture Brooke Rollins announced a reduction in the agricultural trade deficit and we caught up with Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg to learn more. Under Secretary Lindberg said, “So I have been, since the time I was nominated for this role, highly focused on moving …
Trade negotiations have been a main focus of the Trump administration and we caught up with Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg to learn how the trade deal between the United States and the United Kingdom will impact beef producers. Under Secretary Lindberg said, “Yeah, so one of the very first, if not, I think it …
It’s getting difficult in the farming area now. The war in Iran is creating some big issues on freight rates and fuel surcharges, not counting the increases in energy and fueling a spike in fertilizer prices and also cotton because of the rise and they said the price is a polyester. The cotton market is booming again. Inflation risks are elevated which could possibly …
Maritime officials say the buildup of ships on either side of the Strait of Hormuz will take months to restore normal traffic when it does open. Reuters reporting there are over 3,000 vessels now in the Gulf area, including over 800 oil tankers. The narrow passage when the Strait does open when it meets the Gulf of Oman like a three-lane highway merging into …
