Canada cautions on ‘Product of USA’ regulation
Canada and the United States are a global example of cross-border trade in food and agriculture products, forecast to exceed $65 billion this year. But Arun Alexander, Canada's deputy ambassador in Washington, said Tuesday "we are concerned about the real world consequences" of changing the rules on the voluntary "Product of USA" label.
Drought, biodiesel boom pinches world soyoil trade
The boom in production of renewable diesel fuel has pushed U.S. soybean oil prices so high the commodity is uncompetitive on the world market, said USDA analysts on Tuesday. Drought in Argentina, the world's leading soyoil exporter, also will be a major factor in the lowest volume of soyoil imports worldwide in five years.
U.S.-Mexico corn dispute could drag on all year
If the United States takes its complaint against Mexico's ban on imports of GMO white corn to a USMCA panel, it could take 155 days — until late December or even January — for a final resolution, although a U.S. victory is likely, said three Ohio State University analysts.
Biden trade strategy: Stronger ties with like-minded countries
The Biden administration is writing “a new story on trade” that emphasizes cooperation with allies because countries such as China have abused open markets and low tariffs, U.S. trade representative Katherine Tai said in a speech on Wednesday.
U.S. will not allow endless negotiations on GMO corn, says Tai
With a corn-state senator demanding speedy action, U.S. trade representative Katherine Tai said on Thursday that she would not allow a dispute with Mexico over genetically modified corn “to go on indefinitely.” A 30-day period for technical consultations between the nations, arguably the last chance to avert a USMCA trade complaint, expires on April 7.
More farmers expect slowdown in ag exports
Operators of large farms are losing faith in exports as an ever-growing market for U.S. crops and livestock, said a Purdue poll released on Tuesday. Only one-third of farmers surveyed for the monthly Ag Economy Barometer said they expected agricultural exports to increase over the next five years, down from 72 percent in 2020.
U.S. farm exports to shrink by 12 percent over three years, says USDA
A global economic slowdown will combine with inflation, higher interest rates, and the strong dollar to erode U.S. food and agriculture exports by 12 percent through fiscal 2026, projected the USDA on Wednesday.
USDA ‘disappointed’ by revised Mexico corn ban
In a step to defuse trade tensions with the United States, Mexico removed a looming ban on most imports of GMO corn and said it would only block genetically modified corn that would be used in making tortillas. Agriculture Secretary Tom Vilsack said Tuesday the USDA was dissatisfied by the revisions.
U.S. escalates dairy dispute with Canada
An international panel will hear renewed U.S. complaints that Canada is blocking dairy imports, said the Biden administration on Tuesday. The two nations held fruitless consultations in mid-January, so U.S. trade representative Katherine Tai demanded a ruling from a dispute resolution panel — a request that is granted automatically under the U.S.-Mexico-Canada free trade agreement.
Ag trade and food aid are focus of first D.C. hearing on 2023 farm bill
Foreign trade and U.S. food aid will be the subjects on Wednesday of "the first of many hearings the committee has planned as we gear up for the 2023 farm bill," said the leaders of the Senate Agriculture Committee.
USDA to publish organic enforcement rule — report
The largest update to the National Organic Program since its creation, the Strengthening Organic Enforcement rule, will be published as early as Wednesday, said The Packer. It said USDA confirmed on Tuesday that publication was imminent of the rule that has been under consideration since summer 2020.
Senate confirms U.S. ag negotiator and USDA food safety chief
In some of its final actions of the year, the Senate approved by voice vote on Thursday the nominations of Doug McKalip as chief agricultural negotiator at the U.S. trade representative’s office and Jose Esteban as Agriculture undersecretary for food safety.
Revise GMO corn decree or face U.S. challenge, Vilsack warns Mexico
Ahead of a visit by Mexican government leaders, Agriculture Secretary Tom Vilsack said on Thursday that the Biden administration was ready to challenge Mexico under North American trade rules unless it “rectifies” a presidential decree that would ban imports of genetically modified corn at the start of 2024.
USDA: As the world economy slows, so will U.S. farm exports
U.S. farm exports will fall back to $190 billion this fiscal year, a drop of 4 percent from the record set in just-ended fiscal 2022, as economic growth slows in most countries, forecast the Agriculture Department on Tuesday. Soybeans, the No. 1 ag export, as well as cotton and corn would see the largest declines, jointly falling by 7 percent.
U.S.-China ag trade endures amid rancorous rivalry
China was far and away the top customer for U.S. food and ag exports, despite rising tensions between the nations and the still-unresolved trade war, according to government data released on Monday. Agricultural economist David Widmar said China was on track to break the record it set last year for purchases of American agricultural products.
Ag trade nominee’s plan: ‘Break down the barriers’
Doug McKalip told senators that if he’s confirmed as U.S. chief agricultural negotiator, “it will be my duty to break down the barriers” to U.S. food and ag exports. During a friendly and relatively brief confirmation hearing on Thursday before the Senate Finance Committee, he pledged to press U.S. trade partners to live up to existing agreements.
U.S. trade commission rejects fertilizer duties
The U.S. International Trade Commission on Monday voted to reject steep duties on ammonium nitrate fertilizers from Trinidad and Tobago and Russia, going against a recommendation for tariffs from the Commerce Department.
Biden signs ocean shipping reforms into law
Ocean carriers will be barred from unreasonably refusing to load U.S. cargo, a practice that blossomed during pandemic-related port congestion, under a bill signed into law by President Biden on Thursday.