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. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst …
Red Meat Exports Thrived in the First Year of U.S.-China Agreement
One year has passed since the red meat trade provisions of the U.S.-China Phase One Economic and Trade Agreement entered into force. The agreement expanded access for U.S. beef and pork in the world’s largest red meat import market. Joel Haggard, U.S. Meat Export Federation (USMEF) senior vice president for the Asia Pacific, says the Phase One agreement has been …
Japan Setting Temporary Higher Tariff on U.S. Beef
(NAFB) — Japan is imposing an emergency tariff hike on U.S. beef imports late this week. The volume of imports for the fiscal year 2020 is believed to have exceeded 242,000 metric tons, beyond which the duty hike gets automatically implemented. If the tariff goes into effect, it jumps from 25.8 percent to 38.5 percent for a month under a …
Peanut Export Update
New numbers are out concerning the export of U.S. peanuts. Tyron Spearman has the details. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
China Buys another Large Shipment of U.S. Corn
(NAFB) — China bought a large shipment of U.S. corn on Tuesday. Private exporters reported the sale of 1.15 million tons of corn for delivery by the end of August. The corn is equivalent to more than 45 million bushels and was worth 251 million dollars based on Chicago futures prices. It was the largest sale of U.S. corn to …
Spanish Lemon Growers Optimistic About Tariff Suspension
The Agricultural Association of Young Farmers (ASAJA) Murcia expressed “enormous optimism” for the suspension of tariffs agreed to by the United States and the European Union (EU). Tariffs on Spanish lemons exported to the United States that were set at 25% have been temporarily lifted for four months. Similarly, the EU has suspended tariffs on U.S. grapefruit imports. “It is certainly good …
Grapefruit Part of Tariff Suspension
Florida grapefruit grower and packer Dan Richey hopes a recently announced four-month suspension of tariffs on U.S. products shipped to the European Union (EU), including grapefruit, will become permanent. The EU and the United States on March 5 agreed on the mutual four-month suspension of the tariffs related to World Trade Organization (WTO) aircraft disputes. The suspension will cover all …
Citrus Showcase Speaker Predicts Trade War Ahead
Geopolitical expert Peter Zeihan was the keynote speaker for the recent California Citrus Mutual Showcase. The showcase was presented on March 4 online. Zeihan said he believes North America will recover from the economic impacts of COVID-19 this year, but the rest of the world will not. That, along with other factors, leads him to predict a trade war is inevitable, …
Beef Trade Update from NCBA
While 2020 was not the year many had hoped, when it came to exports of U.S. beef, National Cattlemen’s Beef Association (NCBA) Senior Director of International Trade and Market Access, Kent Bacus, says U.S. beef producers fared much better than a lot of their competitors. Bacus looks at the trade deals that took place last year and where they currently stand for …
Peanut Exports Growing, Prices Falling
We’ve provided information before about how U.S. peanut exports numbers have been growing. But according to a story from Tyron Spearman, despite growing exports, peanut prices are falling. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024