Beijing | Reuters — China is still a long way from forking out US$50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. Outlining the first phase of a deal to end a trade war with China, […] Read more
Trump’s hailing of Chinese farm purchases seen as ‘meaningless’
China to exempt U.S. pork, soybeans from additional tariffs
Shanghai | Reuters — China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war. The United States and China have both […] Read more
Global wheat production to decrease, USDA says
MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more
China strikes back at U.S. with new tariffs on soybeans, beef, pork, more
Beijing | Reuters — China said Friday it will impose retaliatory tariffs against about US$75 billion worth of U.S. goods, putting as much as an extra 10 per cent on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled tariffs […] Read more
U.S., Canada, 14 others slam EU farm product regulation at WTO
Geneva | Reuters — The United States and 15 other countries launched a broadside of criticism at the European Union on Thursday, saying its “hazard-based” approach to regulating pesticides and other “critical tools” used by farmers was damaging livelihoods worldwide. Their statement, submitted to the World Trade Organization, said the EU’s approach created great uncertainty […] Read more
U.S. to seek comprehensive ag access in EU trade talks
Washington | Reuters — The United States on Friday signaled it would not bow to the European Union’s request to keep agriculture out of this year’s planned U.S.-EU trade talks, publishing negotiating objectives that seek comprehensive EU access for American farm products. The objectives, required by Congress under the “fast-track” trade negotiating authority law, seek […] Read more
EU trade chief says U.S. talks won’t include agriculture
Washington | Reuters — The European Union and United States have not yet agreed on the scope of trade negotiations, but the bloc will not include agriculture in the talks, its trade commissioner said on Wednesday. U.S. President Donald Trump has sought better terms of trade with the EU, as well as China, Japan, Canada […] Read more
U.S. investigators question shareholders of Brazil’s JBS
Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more
Soybean exports face stiff U.S. competition
CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more
There’s light at the end of the trade war tunnel
Prices will return to normal and ag exports will continue to grow
Reading Time: 3 minutes Canada’s battle to renegotiate a free trade deal with the U.S. appears to be over, but global trade wars rage on — and that means producers can expect volatile markets for some time to come. But in the long run, it should all work out fine, says a new analysis by Farm Credit Canada on […] Read more
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