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Balanced Reporting. Trusted Insights.
Wednesday, September 28, 2022
The potential for increased trade with India is substantial, but the country has refused to commit to the trade pillar of the Indo-Pacific Economic Framework and some in the U.S. ag sector are pessimistic about changing the country’s direction.
The ag sector and lawmakers aren’t letting up pressure for another trade deal with China, especially since China’s purchase agreement ended Dec. 31, but the Biden administration still has its focus squarely on the “phase one” deal that was struck during the Trump administration.
China is buying unprecedented levels of U.S. corn, and much of that demand comes from the country’s race to modernize its pork production – a mission that’s expected to sustain a long-term increased reliance on grain and oilseed imports, according to U.S. government and industry officials.
China is determined to grow more self-sufficient, but the country is also widely expected to remain a growing importer of meat and grains for years to come as the Chinese economy and demand grows, outstripping production capacity, according to economists and new government forecasts.
The Department of Agriculture and Office of the U.S. Trade Representative have announced key staff appointments, and former Chief Agricultural Negotiator Gregg Doud has taken a new role with Aimpoint Research.
The U.S. and Brazil have not yet reached a deal on U.S. demands to be able to sell the country more ethanol, but the Brazilian government is making clear what it is demanding in return, according to sources in both countries. Brazil wants more access to the lucrative and tightly guarded U.S. sugar market.
The U.S. and the U.K. still have a lot of negotiating ahead of them, but the British will likely agree to a free trade agreement that allows for increased trade in beef, pork and poultry, says Gregg Doud, the U.S. Trade Representative’s top agriculture negotiator.
President Donald Trump gets a shot at this week's Republican National Convention to demonstrate he's maintained the strong support that he needs in farm country and battleground states to win re-election this fall.
USDA announces new export sales of 405,000 metric tons of corn and 400,000 tons of soybeans to China for delivery in the 2020-21 marketing year, providing new evidence that Chinese demand remains strong despite tensions between the two countries.
An organic trade pact between the U.S. and Japan has been expanded to include livestock products, the Department of Agriculture and U.S. Trade Representative announced Tuesday.
