The U.S. sold about $20 million worth of peanuts to Japanese importers last year, but the American Peanut Council expects that American farmers will be able to sell a lot more in the coming years now that they have a tariff advantage over the Chinese.
India is buying more California walnuts than it ever has, but West Coast farmers see a vast potential for even more trade as they wrap up a new media campaign in the Asian giant that is home to 1.3 billion people.
California’s walnut growers and promoters are eager to expand their reach. During the California Walnut Board and Commission’s industry conference this week, executive director Michelle Connelly said retail sales remained strong during the past year but challenges remain. Other nuts are outspending the walnut industry by as much as 5 times (in the case of almonds).
“Exceptional growing conditions” for almonds will allow the 2020/21 crop to reach 3 billion pounds this year, which will drop prices to historical lows, according to a new report from RaboResearch Food & Agribusiness.
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.
The Trump administration’s imposition of tariffs on imported steel, which resulted in retaliatory tariffs on a wide range of farm goods, has survived a constitutional challenge in the Federal Circuit Court of Appeals.
President Donald Trump says he wants a trade agreement with India, but suggested Tuesday that a partial pact will come first, followed by a more comprehensive deal later this year or after the election.