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Balanced Reporting. Trusted Insights.
Wednesday, January 27, 2021
Reduced consumer incomes around the world and supply chain difficulties during the pandemic have taken a toll on ag and food exporters in developing countries, but overall trade has remained “remarkably resilient” and some suppliers have prospered, according to a new publication from the United Nation’s Food and Agriculture Organization.
The “phase one” trade deal with China is paying off substantially for commodities like soybeans, corn, wheat and sorghum, but it’s hit or miss for specialty crop farmers, many of whom are still trying to find replacement markets.