STAFF BLOG AG RIGHT Keeping tabs on trade barriers
Foreign trade barriers are a huge problem for U.S. agricultural producers. Too many countries try, in one form or another, to keep out U.S. ag products.
Keeping track of all the roadblocks is no easy... Posted on 4/18/12 at 3:38 PM
An improved outlook for global bulk shipping rates spells bad news for grain exporters as they go into the latest sales campaign, with increased freight costs squeezing profit margins and adding to price competition in leading markets.
Area businesses can serve as successful examples in exporting for other parts of the country, according to Arun Kumar, assistant secretary of commerce for global markets and director general of the U.S. and Foreign Commercial Service.
The European Union is likely to surpass the U.S. to become the top world wheat exporter next season as high freight rates help EU suppliers tighten their grip on nearby markets in the Middle East and expand sales in Asia.
Nigel Hunt and Julie Ingwersen Reuters
June 18, 2014
A planned trade deal between the European Union and the U.S. needs to sweep away “non-scientific barriers” that prevent U.S. farmers from selling many genetically modified (GM) crops and some chemically treated meats in Europe, the U.S. Agriculture Secretary Tom Vilsack says.
Canadian Agriculture Minister Gerry Ritz lashed out at the United States for being a “schoolyard bully” on trade issues, and says he sees more promise in negotiating a bilateral deal with Japan than the more ambitious Trans-Pacific Partnership.
The U.S. agricultural department said on Monday it would like to head off a protracted trade dispute with Mexico over sugar imports by encouraging a negotiated agreement before any sanctions are imposed.
Effective today, the Mexican government has implemented its final rule to allow U.S. fresh potatoes to enter all of Mexico. This action is part of a bi-lateral agreement that facilitates trade in fresh potatoes between the two countries.
The U.S. futures regulator wants to weed out any unfair advantage speed traders may have by getting sensitive information ahead of others, an official said on May 13, as it weighs new rules for computerized trading.
Kazakhstan will boost grain exports to Iran and China this 2013 to ’14 marketing year as it seeks to diversify regions of supply and reduce dependence on Russian and Ukrainian ports, the country’s state grain trader says.
Two Brazilian soybean cargoes initially sold to China have been switched to the United States, according to port and shipping data updated on Tuesday, the first clear evidence that the U.S. is absorbing some of China’s excess Brazilian purchases that were at risk of default.
Chinese buyers might default on a further 1.2 million metric tons (1.32 million tons) of soybeans worth about $900 million being shipped from the U.S. and South America, to avoid incurring huge losses in a depressed local market, the country’s top soy buyer says.
A group of traders has sued CME Group Inc., accusing the operator of the world’s largest derivatives exchange of selling market data to high-frequency traders, cheating other investors who lacked such access.
China, the world’s No. 1 pork consumer, has slapped “temporary restrictions” on imports of U.S. pigs to prevent Porcine Epidemic Diarrhea virus (PEDv) from spreading to its herd, according to a report by Bloomberg citing the Livestock Exporters Association of the USA.
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